Snapchat said it will release a wearable gadget called Spectacles, which resembles a pair of sunglasses with a built-in camera for shooting video. The product will be sold in “limited distribution” this fall for $129.99, the Wall Street Journal reported on Friday.
Spectacles will come in one size and three colors – black, teal or coral. The wearer can tap a button on the hinge to record video of up to 10 seconds using the wide-angle lens on the glasses, which is transmitted wirelessly to a smartphone. Evan Spiegel, the chief executive officer and co-founder of Snapchat, has been testing a prototype of the device since at least early 2015, the newspaper reported. The Los Angeles company, valued at $18 billion by investors this year, will change its name to Snap Inc., reflecting its larger ambitions. (Bloomberg)
