Smart glasses are quickly becoming a popular category in the consumer technology market, with many components being made in China. These glasses offer a simpler alternative to high-end virtual reality headsets like Apple’s Vision Pro. Companies like Snap and Meta are entering the market with their own versions of augmented reality glasses, with Meta expected to reveal their glasses at an event starting Sept. 25.
One company that is already seeing success in this space is Sunny Optical, a China-based supplier known for its expertise in optics for wearable devices. According to HSBC’s Frank He, the second generation of Sunny’s smart glasses sold over 1 million units in the first half of this year, surpassing the first generation’s sales from the previous year.
In the coming years, HSBC estimates that Sunny’s smart glasses shipments will continue to grow, with potential partnerships with other OEMs like Xiaomi. Sunny Optical’s low profile may soon change as its smart glasses gain popularity, offering features like picture-taking, video recording, music listening, and interaction with AI features.
Despite its success, Sunny Optical remains competitive in the smartphone and car markets, making it a stock to watch. Analysts at JPMorgan have a price target of HK$55 for Sunny Optical, while HSBC has a target of 58.90 Hong Kong dollars ($7.56), indicating potential upside for investors.
As the market for smart glasses continues to expand, companies like Sunny Optical are poised to benefit from the growing demand for wearable technology. Stay tuned for more updates on the latest trends in consumer tech and finance from Extreme Investor Network.