This Chinese stock has a big U.S. buyer in consumer tech aimed at the smart glasses market

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Markets,Market Insider,Sunny Optical Technology Group Co Ltd

As the fall consumer tech product season gets underway, smart glasses, many with components made in China, are emerging as an up-and-coming category.

Smart glasses, many with components made in China, are emerging as an up-and-coming category as the fall consumer technology product season gets underway. The glasses are a simpler version of Apple's pricey Vision Pro, not to mention the high-end tech required for virtual reality headsets. Snap has revealed augmented reality glasses ; Meta is expected to do so at its own event starting Sept. 25.

research, He said the second generation of those smart glasses sold more than 1 million units in the first half of this year, versus 300,000 for the first generation from Sept. 2021 to Feb. 2023. Acceptance struggle Similar wearables, such as Google Glass have struggled to gain wide acceptance beyond a niche audience.

report said. Sunny Optical is a China-based supplier for products from cars to microscopes. The company also has factories in Vietnam and India , according to an investor presentation. Low profile Sunny has otherwise kept a low profile. But CMB International analysts said in August that fiscal first-half revenue in Europe and the U.S. grew by 32% and 15%, respectively, "implying strong sales from ... European automakers and U.S.'s Apple/Meta VR.

 

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