As Apple gears up for AR headset, Snap writes off $39.9M in unsold Spectacles
Snap this week dramatically missed Wall Street estimates, reporting a net loss of $443.2 million — with a big write-off of $39.9 million in Snap Spectacles about a year after release. Should Apple jump in to the headset market as rumored, Snap's own wearable ambitions may only get worse.