Snap Built Way Too Many Spectacles
Earlier this month, Snap (NYSE: SNAP) CEO Evan Spiegel confirmed that the Snapchat operator had sold "over 150,000 units" of Spectacles since the product was launched last year. That figure wasn't all that surprising in itself, since investors could have estimated around 106,200 units sold in the first half of 2017 based on Spectacles revenue.
It turns out that there's a lot more where that came from, but not in a good way -- most of those units are sitting around collecting dust.
Image source: Snap.
Source: Fool.com
