Apple Stock ( NASDAQ:AAPL )
Apple Inc. ( NASDAQ:AAPL ) is a tech giant in search of future growth, and in my opinion, it has yet to find a clear path to it. It has outperformed other large technology companies in recent years, but this is likely due to aggressive share repurchases and impressively resilient earnings. However, I believe they are falling behind in terms of developing cutting-edge technology that will dominate the bottom lines of the next decade. Poor positioning on these key developing technologies could have serious consequences for Apple stock long-term valuation, making it more of a consumer staples stock and less of a tech stock.
According to Reality Pro, the AR and VR market could be worth $856 billion by 2031, with a massive CAGR of 41.1%. Apple will enter the AR/VR market with an unannounced Mixed Reality headset, tentatively dubbed the ‘Reality Pro,’ that will reportedly cost up to $3000. Even without knowing any of the specifications, a price like that makes me skeptical. Unless this is an experience that is not only superior to but completely unrivaled by what competitors are offering, it’s unclear whether there is a market for this price point at all. In the current slowdown, when consumers are cutting back on luxuries, the cost is even more of a concern.
However, a budget model appears to be in the works, with a release date of 2024-2025. However, the absence of this budget model at launch appears dubious. Will customers buy a $3000 headset as their first foray into Apple’s VR ecosystem? Apple clearly has a strong brand, but I’m not convinced it’s that strong. The popularity of the product will determine the success of the entire ecosystem to a large extent with VR products, so if the initial model is a flop, it could sink the entire product line.
Interestingly, Apple is working on new software that could help to popula...
Click here to read the full article on PressReach.com .Subscribe to the PressReach RSS feeds:
- Featured News RSS feed
- Investing News RSS feed
- Daily Press Releases RSS feed
- Trading Tips RSS feed
- Investing Videos RSS feed
Follow PressReach on Twitter
Follow PressReach on TikTok
Follow PressReach on Instagram
Subscribe to us on Youtube