Apple Vision Pro Could Cannibalize iPad Down The Line, Says Mark Gurman: Tim Cook Has His Work Cut Out
Portfolio Pulse from Rounak Jain
Apple Inc.'s new product, the Vision Pro headset, has been highlighted as a potential iPad successor by Bloomberg's Mark Gurman, despite its current prototype-like limitations such as weight, battery life, and software bugs. The device has seen significant sales, with 180,000 units sold in its first weekend, doubling expectations. Analysts, including those from Deepwater Asset Management and Wedbush's Daniel Ives, predict a bright future for the Vision Pro, with Ives forecasting a $5 billion annual revenue potential, positioning it as a major revenue source for Apple after the iPhone.
February 12, 2024 | 8:45 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Apple's Vision Pro headset is seen as a potential successor to the iPad, with significant initial sales and future revenue potential highlighted by analysts.
The Vision Pro's successful launch and the positive outlook from analysts, including the prediction of becoming a significant revenue line for Apple, suggest a positive short-term impact on AAPL's stock price. The device's potential to surpass the iPad in functionality and revenue, along with the high sales figures reported, indicate strong market interest and confidence in Apple's innovation capabilities, likely contributing to investor optimism.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100