Snap may release new version of Spectacles this year

Snapchat Spectacles v2 tipped for 2018

It'll come with performance improvements and be available in new colours. Snapchat was able to generate some excitement for Spectacles when it first introduced the product in 2016, thanks in part to a release strategy that was based on artificial scarcity.

A woman wears Snapchat Spectacles on the floor of the New York Stock Exchange.

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The main point of the report is that Snap will have another go (or two) at making the product. The specs would be completely water resistant. It is also capable of capturing 3D depth. The addition of Global Positioning System is also possible.

The current Snap Spectacles record 10-second videos with a tap, which can then be uploaded to your Snapchat story. The company is looking to expand and had previously acquired the imaging company FiveFocal quietly at the end of 2017 to make this possible. However, the giant seems to be unstoppable as they have already planned to redesign the sunglasses with two more versions of it which would be much more powerful than the first version.

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The most interesting part of the Cheddar report is that Snap-clearly conscious that it'll need a better glasses design to reach mass markets-has been talking to Luxottica (which owns Ray-Ban) and Warby Parker about building the Snap camera into those companies' frames.

So, while Snapchat took a whopping $40 million loss on the first generation of Spectacles, it looks like it hasn't been deterred. We would let you update on the same!

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