eyewear
Americannoun
Etymology
Origin of eyewear
Example Sentences
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Shares in the Franco-Italian eyewear giant took a hit this week on the back of a media report that Apple is gearing up to begin production of its own model of AI-powered glasses as early as the end of this year, potentially creating a rival to EssilorLuxottica’s models in partnership with tech giant Meta.
Moreover, Bernstein says, the disruption to the traditional eyewear market will be irreversible, as new suppliers sprout to feed tech’s demand for glasses hardware.
While tech-powered eyewear spurred EssilorLuxottica’s top line last year, it weighed on the group’s profitability.
Shares in EssilorLuxottica EL 1.75%increase; green up pointing triangle surged after the eyewear behemoth said booming demand for smartglasses will drive revenue growth over the years to come.
Still, buzz around wearable tech must be balanced against hotter competition in the category and cannibalization of non-tech eyewear, Bernstein analysts wrote.
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