Meta's first smart glasses with a display are cheaper than expected

Meta is currently preparing to release its first smart glasses with a dedicated display, and according to reports, the glasses will be cheaper than initially anticipated.

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A new report from Bloomberg's Mark Gurman, a known industry insider with a reliable track record for the movements of big tech companies operating in Silicon Valley, suggests that Meta is prepared to accept lower margins to boost demand for the upcoming smart glasses. Notably, the new glasses are being called Hypernova internally, and are a precursor to the fully-fledged augmented reality glasses the company is striving towards.

Gurman writes that the new glasses will be unveiled sometime next month, and they will feature a small screen for mini apps and alerts. The screen will be located in the right-hand lens of the smart glasses and can be controlled with the included wrist accessory. As for the unreleased product's price, previous estimations pegged the price tag to be $1,000, which is a steady jump from the $200 to $400 Meta Ray-Ban glasses that don't feature any displays.

The Bloomberg reporter writes that Meta is now pricing the upcoming smart glasses at $800. Notably, this is the starting price, meaning that with further customizations such as prescription lenses and other stylish improvements, the price will more than likely shoot above the $1,000 mark.