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Snap Launches $2,195 Specs AR Glasses, Shares Drop 5%

6/24/2026

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Summary

Story summary

Snap Inc. unveiled its Specs AR glasses for $2,195 on June 23, 2026, dropping the stock five percent to $4.46.
The Specs have a 51-degree view, processors and a four-hour battery that reaches 20 hours with the case.
Preorders require a $200 deposit, with shipments set for fall 2026 to the United Kingdom and France.
Irenic Capital Management urged Snap to review the Specs after the unit has spent over $3.5 billion.

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Story summary

Snap Inc. unveiled its Specs AR glasses for $2,195 on June 23, 2026, dropping the stock five percent to $4.46.
The Specs have a 51-degree view, processors and a four-hour battery that reaches 20 hours with the case.
Preorders require a $200 deposit, with shipments set for fall 2026 to the United Kingdom and France.
Irenic Capital Management urged Snap to review the Specs after the unit has spent over $3.5 billion.