Google Glass Gets A Much-Needed Makeover With Luxottica

Google’s wearble Glass project gets one step closer to the mainstream after joining forces with eyewear heavyweight Luxotica.

Mar 31, 2014 at 6:00PM

As is so often the case for any emerging technology, gaining mass adoption is as much an issue of the technology being ready for the wider world as is also having the wider world being ready for the technology in question.

One can't happen without the other.

This at times can result in a frustrating chicken-and-egg scenario for newly hatched technologies. Look at many of the most recent technologies to make it to the mass-market like smartphones or tablets. In both cases, technologists had been talking about either device for decades, and early predecessors for both device types also existed for years before they finally made it to the big time.

And as many expect wearble devices to represent the next great wave of consumer tech innovation, investors are once again confronted with this notion. Because despite how seemingly cool devices like Google's (NASDAQ:GOOGL) Android Gear or Google Glass might appear to the technologically inclined, both probably have a

Google Glass

Source: Google

ways to go before their sales soars.

However, a recent move from Google certainly shows the company is headed in the right direction in bringing its Google Glass to the big time.

Google Glass gets a makeover
This week Google Glass got a major shot in the arm when it announced a partnership with Italian eyeglass kingpin Luxottica (NYSE:LUX).

For the uninitiated, Luxottica is one of the most powerful companies in the global glasses industry that generated sales of over $10 billion last year . Luxottica either directly controls several of the most recognizable eyewear brands on earth including RayBan, Oakley, Persol, and Oliver Peoples. For the top consumer brands it doesn't control, it has created licensing arrangements that grant Luxottica the exclusive right to produce their wares. It also owns or franchises nearly 7,000 retail glasses store like Sunglass Hut, Lens Crafters, and Pearle Vision  and others, giving it as much as a 12% share of the global glasses market by one estimate.

Suffice to say, Luxottica is a heavyweight in the global glasses industry if there ever was one. This is fantastic news for Google, who will now have access to top designers from some of its flagship brands to help address what I've long believed is one of the least discussed, but most critical, impediments to Google Glass ever gaining mass adoption – their look.

Like it or not, few accessories are more deeply rooted in personal fashion that eyeglasses. People use their glasses not only to correct their vision or keep the sun out of their eyes, but to also express their own unique senses of style. This is plainly obvious, of course, but equally critical, if not more so, to driving mass

Google Image Glowing

Source: Google

adoption as will be improving Google Glass' software experience. Most people just won't wear glasses they find unfashionable, and Google clearly wants to begin addressing this aspect of Glass with the Luxottica deal.

The right direction
The financial terms to the deal or the timeline for production weren't disclosed as part of the announcement. However, the intent of a deal like this isn't to turn Google Glass into an overnight sensation, and that's alright.

More realistically, it will take plenty of easing into for consumers to eventually warm up to the idea of wearing computers on their faces. However, in signing the deal, Google is once again reaffirming its belief in the overall platform. This should help the storyline once again resonate with the consumers, while also encouraging potential developers that the Google Glass platform is indeed here to stay, both of which are critically important in the slow chess match Google's playing here.

So at the end of the day, this storyline is largely thematic in nature. But given Google's express interest and early lead in this potential new computing paradigm, this deal should hopefully maintain Google Glass' momentum as it continues to inch toward the big time.

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Andrew Tonner has no position in any stocks mentioned. The Motley Fool recommends Google. The Motley Fool owns shares of Google. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

4 in 5 Americans Are Ignoring Buffett's Warning

Don't be one of them.

Jun 12, 2015 at 5:01PM

Admitting fear is difficult.

So you can imagine how shocked I was to find out Warren Buffett recently told a select number of investors about the cutting-edge technology that's keeping him awake at night.

This past May, The Motley Fool sent 8 of its best stock analysts to Omaha, Nebraska to attend the Berkshire Hathaway annual shareholder meeting. CEO Warren Buffett and Vice Chairman Charlie Munger fielded questions for nearly 6 hours.
The catch was: Attendees weren't allowed to record any of it. No audio. No video. 

Our team of analysts wrote down every single word Buffett and Munger uttered. Over 16,000 words. But only two words stood out to me as I read the detailed transcript of the event: "Real threat."

That's how Buffett responded when asked about this emerging market that is already expected to be worth more than $2 trillion in the U.S. alone. Google has already put some of its best engineers behind the technology powering this trend. 

The amazing thing is, while Buffett may be nervous, the rest of us can invest in this new industry BEFORE the old money realizes what hit them.

KPMG advises we're "on the cusp of revolutionary change" coming much "sooner than you think."

Even one legendary MIT professor had to recant his position that the technology was "beyond the capability of computer science." (He recently confessed to The Wall Street Journal that he's now a believer and amazed "how quickly this technology caught on.")

Yet according to one J.D. Power and Associates survey, only 1 in 5 Americans are even interested in this technology, much less ready to invest in it. Needless to say, you haven't missed your window of opportunity. 

Think about how many amazing technologies you've watched soar to new heights while you kick yourself thinking, "I knew about that technology before everyone was talking about it, but I just sat on my hands." 

Don't let that happen again. This time, it should be your family telling you, "I can't believe you knew about and invested in that technology so early on."

That's why I hope you take just a few minutes to access the exclusive research our team of analysts has put together on this industry and the one stock positioned to capitalize on this major shift.

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David Hanson owns shares of Berkshire Hathaway and American Express. The Motley Fool recommends and owns shares of Berkshire Hathaway, Google, and Coca-Cola.We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

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