Apr 26, 2018

Snapchat unveils new "Spectacles"

Snapchat

A redesigned version of Snapchat's camera eyeglasses called "Spectacles" is now available in the U.S., Canada, U.K., and France, with additional countries in Europe to follow on May 3.

Why it matters: Snapchat has previously struggled with its older version of Spectacles, and the company took a $40 million write down for excess inventory last fall. At the time, CEO Evan Spiegel said they "made the wrong decision" with regard to their Spectacles product.

This isn't a total shocker. An FCC document revealed Snap was working on new Spectacles glasses earlier this month.

What they're saying: Addressing the company's write-down, Snapchat said its goal with the first generation of Spectacles "was to get the world comfortable with the idea of wearing a camera on their face, and introduce them to content taken from their personal perspective." But the company conceded it made some business planning mistakes, and intends to learn from them.

Details: The new Spectacles are now waterproof and are available in three new colors. A Snap spokesperson added that they're also more comfortable to wear, thanks to a smaller profile.

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Coronavirus kills 2 Diamond Princess passengers and South Korea sees first death

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. U.S. numbers include Americans extracted from Princess Cruise ship.

Two elderly Diamond Princess passengers have been killed by the novel coronavirus — the first deaths confirmed among the more than 600 infected aboard the cruise ship. South Korea also announced its first death Thursday.

The big picture: COVID-19 has now killed more than 2,200 people and infected over 75,465 others, mostly in mainland China, where the National Health Commission announced 118 new deaths since Thursday.

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SoftBank to cut its stake to get T-Mobile's Sprint deal done

Illustration: Rebecca Zisser/Axios

T-Mobile and Sprint announced a revised merger agreement that will see SoftBank getting a smaller share of the combined company, while most shareholders will receive the previously agreed upon exchange rate. The companies said they hope to get the deal as early as April 1.

Why it matters: The amended deal reflects the decline in Sprint's business, while leaving most shareholders' stake intact and removing another hurdle to the deal's closure.