HUD Google Glasses Are For Real: Debut Not Far in the Future

How about a pair of Oakley shades that provides a heads up display for the wearer, functions as a smartphone, take pictures and has GPS? It sounds like something out of a “Terminator” movie, but according to a 9to5 Google (NASDAQ:GOOG) report, the HUD Google Glasses are for real and could be available in the near future.

According to a December report by 9to5 Google, the glasses — which were in “late prototype stages” at the time — are thick-rimmed but look like regular sunglasses. The prototype could connect to the Internet and have GPS. The report also speculated that they could run on a version of Android.

The most recent 9to5 Google report, citing an anonymous source who has seen a prototype, said the glasses look similar to Oakley Thumps and have a camera for gathering information and possibly for use in augmented reality apps. It has a flash and can take pictures, but is very small and “likely only a few megapixels.”

The glasses use head tilting-to scroll and click for the navigation system, which is easy to learn, according to the report, and, once learned, is discreet to use. CPU/RAM/storage hardware is similar to that of a generation-old Android smartphone, the report said.

Google is reportedly undecided at this point on how it wants to launch the glasses once they are finished, as the company is not sure of how the device will appeal to the mass market. Apparently, the company is thinking aobut releasing the product as a beta-pilot program, like last year’s Cr-48 Chromebooks.

Here’s how Google shares are reacting to the news:

Google Inc. (NASDAQ:GOOG): GOOG shares recently traded at $609.51, up $2.74, or 0.45%. They have traded in a 52-week range of $473.02 to $670.25. Volume today was 685,627 shares versus a 3-month average volume of 3,041,260 shares. The company’s trailing P/E is 20.47, while trailing earnings are $29.76 per share.

To contact the reporter on this story: Gina Smith at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com