Apple cuts Vision Pro targets after production issues, says FT report

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 70 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 80%

Canada Headlines News

Canada Latest News,Canada Headlines

Apple cuts Vision Pro targets after production issues, says FT report $AAPL

Play Video

Apple is now preparing to make fewer than 400,000 units of the US$3,499 headset in 2024, the Times said, citing unidentified people close to Apple and Luxshare Precision Industry Co., the Chinese firm that’s initially assembling the device. Two China-based suppliers of components said Apple was only asking for enough parts for 130,000 to 150,000 units in the first year, while plans for a cheaper version have been pushed back, the newspaper reported.

The news “isn’t surprising to us, as it’s a first-generation product,” Bloomberg Intelligence analysts Anurag Rana and Andrew Girard said in a note. “Our original thesis called for only 500,000 units in the first year given the headset’s $3,500 price tag. We don’t expect the product to have significant financial impact for the next three years.”Article content

Apple recently made Wall Street history after its market value climbed past US$3 trillion, as investors continued to pile into big tech firms. The Vision Pro, unveiled last month, is the company’s latest move to sustain sales momentum and try to propel a mixed-reality industry that for years has struggled to make it into the mainstream. The device, which resembles high-tech ski goggles, will have its own operating system, visionOS, and a dedicated App Store. It’s slated to arrive early next year in the U.S., followed by other regions later.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in CA

Canada Latest News, Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

These are the 5 headlines you should read this morningWhat emails reveal about the communication around the Paul Bernardo transfer, RoseAnne Archibald asks for reinstatement, a grocery rebate is coming, and was the Titan sub doomed from the start?
Source: CTVNews - 🏆 1. / 99 Read more »

Upgrading to Windows 11 Pro could renew your older computerUpgrade to Windows 11 Pro on computers that cannot get it for free
Source: nationalpost - 🏆 10. / 80 Read more »

Upgrading to Windows 11 Pro could renew your older computerUpgrade to Windows 11 Pro on computers that cannot get it for free
Source: OttawaCitizen - 🏆 21. / 68 Read more »

Upgrading to Windows 11 Pro could renew your older computerUpgrade to Windows 11 Pro on computers that cannot get it for free
Source: financialpost - 🏆 7. / 85 Read more »

Upgrading to Windows 11 Pro could renew your older computerUpgrade to Windows 11 Pro on computers that cannot get it for free
Source: calgaryherald - 🏆 64. / 52 Read more »

Hong Kong police offer rewards for arrests of 8 overseas pro-democracy activistsHong Kong police on Monday accused eight self-exiled pro-democracy activists of violating the territory's harsh National Security Law and offered rewards of 1 million Hong Kong dollars ($127,600) each for information leading to their arrests.
Source: CTVNews - 🏆 1. / 99 Read more »