Smart Glasses Market Splits: Tethered Displays vs. Spatial Computing Platforms

XREAL's a01, released May 2026 at roughly $300, is a battery-free, tethered OLED wearable monitor — dual 1080p panels, 1,600 nits, no spatial computing. It deliberately sidesteps the platform ambitions of Meta Orion and Snap Spectacles. The smart glasses category is bifurcating: full spatial computers on one side, purpose-built wearable displays at a fraction of the cost on the other.