Ray-Ban Meta smart glasses sales triples in the last year

EssilorLuxottica, Meta’s partner in the smart glasses market and owner of brands such as Ray-Ban and Oakley, just reported stronger-than-expected quarterly revenue, driven in part by rising demand for the Ray-Ban Meta. Here’s the breakdown.

In its quarterly results, EssilorLuxottica reported a 7.3% revenue increase, beating a Bloomberg-compiled analyst estimate of 5.9%. It is worth mentioning that at current exchange rates, however, revenue rose by just 3.2%, reflecting the impact…