Snap Spectacles 3 announced with support for 3D videos at 60 fps

The new Spectacles 3. Image Snap

The new Spectacles 3. Image Snap

It will have dual cameras to add depth and dimension to photos and videos.

You can tap a physical button to record up to 60 seconds of video at once or press and hold for a quick still, although you'll have to manually connect the Spectacles 3 to your iPhone or Android handset to actually transfer your photos and recordings to your Snapchat account and then edit them at will.

Spectacles 3 are priced at $380 - 2.5 times the starting $150 price point of the current generation.

The Spectacles 3 are available for pre-order now and will launch in the fall. The answer seems to be that Snap, which calls itself a "camera company", sees a strategic need to have a foothold in the content-capture business. When Snap reported second-quarter results in July, it said revenue from Spectacles was "not material".

Global stock markets crash as USA trade war with China escalates
That came a day after Beijing sent financial markets tumbling by allowing the currency to fall to an 11-year low. But on Tuesday, James Bullard, president of the Federal Reserve Bank of St.

The new Spectacles are a gamble for Snap, which in 2017 lost close to $40 million on unsold units of its disastrous first-generation smart glasses.

Snap isn't exactly forthcoming with specifications on its new glasses. The company will leverage this capability through a new suite of homegrown 3D effects, and sometime later this year, third-party developers will be able to get in on the action with their own custom 3D effects. The Snaps also can be exported to the camera roll in circular, horizontal, square and virtual-reality formats.

Like Apple's popular AirPods, the Spectacles 3 will feature a high-tech carrying case that can recharge the glasses' batteries while they are stored, and stores up to four full charges.

Spectacles 3 come in two colors: carbon, described as a "monochromatic black with a semi-matte finish and high-gloss details"; and mineral, "inspired by cosmetic hues with a hint-of-gold frame".

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