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The Rundown

Deep Dive: Did Meta Just Have its iPhone Moment?

20 Sep 2025

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Meta just unveiled the Meta Ray-Ban Display, $799 AI-powered smart glasses with a built-in screen and a neural wristband that lets you control them with finger gestures. Mark Zuckerberg is betting billions that this could be the next big computing platform, but is it really his iPhone moment or just another expensive gamble? In this episode we explore what the glasses can actually do, why Meta has poured more than $70 billion into Reality Labs, how Apple, Google, and OpenAI are preparing to compete, and the challenges Meta faces with its dependence on Chinese manufacturing. The question is whether these glasses can ever replace the smartphone or if they’ll fade into the long list of failed wearables.

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