Sales of Meta’s Ray-Ban smart glasses have been surprisingly high, keeping even its waning Quest mixed reality headset afloat. Meta is rumored to be on the precipice of launching its first-ever pair of “real” smart glasses,

To boost demand, Meta has also cut back its margins and priced the device closer to an iPhone, Bloomberg's Mark Gurman reports.

Meta will announce a pair of AR glasses next month, called Meta Celeste, and they may well be significantly more affordable than was previously thought.