- Apple Inc (NASDAQ:AAPL) prepares to showcase its VR headset, marking its first significant new product in nearly a decade, on Monday at its annual developer conference.
- The rest of the conference focuses on software providers making applications in the Apple ecosystem, the Wall Street Journal reports.
- Apple has been working on the headset for seven years, and its launch got delayed several times. The headset will likely cost $3,000 vs. Meta Platforms Inc’s (NASDAQ:META) most expensive Quest Pro headset at $1,000.
- Apple will likely show off many of the device’s capabilities with its first-party apps, which could include a FaceTime-like communication app.
- After a recent slowdown, virtual-reality developers expect Apple to reignite interest in the category.
- Apple plans to refresh the software on its various hardware platforms—iPhone, iPad, Apple Watch, and Mac.
- Apple’s new iPhone operating system, iOS 17, will include several new health and fitness features, including a journaling app.
- Apple will likely launch new Mac laptops, including a 15-inch MacBook Air with an M2 processor.
- Apple invited many software makers working on virtual reality and other similar applications. It includes in-person demonstrations for some developers.
- Along with the new hardware, Apple will likely launch a new operating system for the headset and tools for developers to create the latest applications.
- The Apple headset is unlikely to be available right away. Mass production will likely start rolling until the fall. First-year shipments will be far lower than other new Apple launches.
- Price Action: AAPL shares traded higher by 1.03% at $182.81 premarket on the last check Monday.
Ethereum Tops $1,600 Following US Jobs Data; Dogecoin Becomes Top Loser
Bitcoin (CRYPTO: BTC), the most valued cryptocurrency in the world, traded higher on Friday following the release of US jobs data.
The U.S. added 261,000 jobs last month, beating average economist estimates of 205,000 jobs. The U.S. unemployment rate came in at 3.7%, missing the 3.5% level.
