Apple shares have underperformed the broader market on a 6-month, 12-month and 2-year basis as rival Microsoft surpassed Apple as the world’s most valuable company.
Apple had reportedly been working on the development of its electric vehicle since 2014.
Opinion: While the jury’s still out on whether the Vision Pro marks a ‘Metaverse Renaissance’ or the dawn of an entirely new chapter, one thing’s clear: Apple’s entry has reignited the conversation about immersive technologies.
The Apple Vision Pro headset was released for online pre-orders in the U.S. on Friday, requiring head scans and vision prescriptions from prospective customers, as the company moves forward with its latest major product release amid concerns about manufacturing, high costs and market appeal.
Apple may have to stop importing two of its Apple Watch series for a year or more, Bloomberg reported.
Apple announced Monday its $3,499 Vision Pro headset will be available in the U.S. on February 2 and pre-orders start on January 19, with CEO Tim Cook calling it “the most advanced consumer electronics device ever created”—months after revealing the mixed-reality headset.
Apple has lost roughly $160 billion of market value so far in 2024 as analysts warn about the stock’s growth potential.
In its first trading session after finishing out an explosive 2023, the tech-heavy Nasdaq tumbled 2%.
Apple won a temporary victory in their patent dispute over new Apple Watch models.
Imports and sales of Apple Watches with blood oxygen detection technology are officially banned, as an October ruling that the technology infringed on a patent officially took effect Tuesday.