Apple is reportedly shelving its plans for the Vision Pro revamp in order to focus on AI glasses so it can compete with Meta. CNBC's Steve Kovach reports.
Breakdown
- Apple is halting plans for a new Vision Pro headset to focus on smart glasses.
- The Vision Pro headset did not meet Apple's expectations for market impact. 26s
- Apple's smart glasses will compete directly with Meta's Ray-Ban glasses. 20s
- Smart glasses are still a niche market, with Meta selling about two million pairs since 2023. 1m 13s
- Apple sells about 225 million iPhones annually, highlighting the small scale of the smart glasses market. 1m 22s