Apple (NASDAQ:AAPL)
Apple (NASDAQ:AAPL) may be getting ready to show its mixed-reality headgear later this year. Nevertheless, a highly followed analyst said on Friday that the tech giant might disclose numerous variations of the second iteration of the new technology. Despite it, Apple stock declined.
Ming-Chi Kuo, an analyst with TF International Securities, said in a blog post that the second-generation version of the headset contains two high-end and two low-end models and that Apple manufacturing partners Luxcaseict and Foxconn, respectively, designed and manufactured both versions of the headset.
In addition, Kuo said that “the current launch timeline for both models would likely be in the year 2025.”
In trading on Friday morning, Apple stock was down 1.5% to $147.04 a share.
Although recent rumors claimed Apple ran into some development challenges, which delayed an April unveiling, the initial model of the often-rumored but never acknowledged headset might be presented as soon as June. This comes after the April unveiling was originally scheduled.
In January, it was claimed that to help promote sales of the gadget, Apple is working on software that would assist customers in creating their own augmented reality applications for its mixed-reality headset, which has yet to be launched.
It is commonly anticipated that Apple’s next smartphone, in contrast to others now available on the market, would combine virtual and augmented reality capabilities. Some headsets, such as those in the Quest family of devices from Meta Platforms, are limited to virtual reality alone.
The previous year, it was rumored that Apple had doubled the amount of work it was doing on the headgear, which was speculated to cost as much as $3,000, and had altered the name of the operating system that controls the gadget.
This week, Apple was dealt a blow when the Biden Administration chose not to overturn a United States International Trade Commission (USITC) ruling that could result in an import ban on Apple Watches. This decision could hurt Apple’s ability to sell its products overseas.
Featured Image: Unsplash @ Niccolò Chiamori
