AI Glasses Fuel Record Growth at EssilorLuxottica

Sales of AI-enabled eyeglasses, which have nearly doubled since last year, helped EssilorLuxottica accelerate second-quarter growth, the world’s largest maker of eyeglasses reported.Second quarter sales rose 7.2 percent in the three months to June to 7.7 bn euros.“AI glasses confirmed their exponential growth, almost doubling in sales in the second quarter versus last year,” the company said.

The company’s chief executive Francesco Milleri said sales of AI glasses expanded across the globe and consumer segments and were generating sustainable profits.EssilorLuxottica’s share price took a hit after releasing its first quarter results, with analysts saying investors had switched from seeing AI eyeglasses as an opportunity to a risk.Earlier this year the company expanded its AI-enabled offering with a new line developed by Ray-Ban in partnership with Meta aimed at a younger public that is more price sensitive.