Ray-Ban Maker Essilor Touts Meta Glasses as Next Smartphone Blockbuster

EssilorLuxottica Chief Executive Officer Francesco Milleri says he’s positioning the world’s biggest eyewear company to be leader in the emerging category of AI glasses, which he sees potentially replacing smartphones as the next consumer-tech blockbuster.

The owner of Ray-Ban, Oakley and Persol, which has teamed up with Meta Platforms Inc. on the project, is expanding smart glasses production capacity to 10 million annual units by the end of the year, in a bet that demand for the devices will boom.