Snap CEO Evan Spiegel thinks hardware like the company's Spectacles glasses will be an important part of the tech company's business one day — but not for at least a decade.
Spiegel said as much onstage at Vanity Fair's New Establishment conference on Tuesday.
"We're just sort of beginning to dabble in hardware," he said when asked about Spectacles, the camera-equipped sunglasses that Snap released last year.
Although the early hype and long lines for Spectacles have died, Snap internally sees the product as a success, he said. And the product has helped pave the way for the future, he said.
"Hardware is going to be an important vehicle for delivering our experience in maybe a decade," Spiegel said.
Snap has sold just over 150,000 pairs of Spectacles to date, he said, adding that the company had hoped to sell at least 100,000 by now.