How Smart Glasses are revolutionizing the Economy

With the release of Facebook and Essilor Luxottica’s Ray-Ban Stories, the discussion again becomes about whether it is safe for others, and how much others can profit from it. Apple already has a prototype out it’s precursor being the App Clips using apps without needing to download them, which gives users the ability to use any products services with a touch a button. Something that could make buying with glasses a real reality.

The financial breakdown:

According to this Reuters article AR purchases are 25% less likely to be returned, amd doubled the chance of a purchase from a glance. 

Will it work because of other wearable devices?

• The History of snapchats glasses suggests otherwise with a whopping 40million dollars put down their return of investment was bleak and mediocre at best. However their design was clunky and nicknames “Glassholes' ' The new rayban design may solve this issue and you can pick them up at any rayban affiliate store for around $300 as opposed to $1500 for “Glass holes”.

• The wearable watch on the other hand ended up working because of its dual ability to be a fitness watch and track users' health statistics.

With so many flops of other AI glasses there may not be much hope for the new Ray-Ban stories but there may be some serious profit to be gained from a new way to shop and experiencing a new purchasing power for users. Although there are some kinks that need to be ironed, no one should shy away from the potential of instantaneous purchases by the power of a glance.