Snap Confirms Spectacles Unit Sales
While Snap (NYSE: SNAP) doesn't directly disclose unit sales for Spectacles in its earnings releases or SEC filings, the company has provided some clues regarding this nascent part of the business. Management has shared how much Spectacles revenue it has generated in its two earnings calls as a public company, which investors can then use to calculate approximate unit sales.
The "camera company" generated $8.3 million in Spectacles revenue in Q1, followed by $5.4 million in Spectacles revenue in Q2. At a retail price of $130, that translates into roughly 106,200 units in the first half of 2017. CEO Evan Spiegel spoke yesterday at Vanity Fair's New Establishment conference and shared a new stat: The company has now sold "over 150,000 units" of Spectacles.
Image source: Snap.
Source: Fool.com
