Apple’s stock initially reached a record-high of $128.90 around 1:15 PM on June 5, 2023 but shortly after slid back to $179.58, experiencing a 1% loss in price. The decline was attributed to the announcement of the Apple Vision Pro headset during the Worldwide Developers Conference, which caused some investors to lose confidence in the tech giant. Such real-world events impact investor sentiment and shift share prices and it is worth analyzing such phenomena to make informed decisions as consumers. This article delves into the reasons why the Apple Vision Pro headset disappointed investors, including its high price tag of $3,499, underwhelming features, and delayed release date of 2024, which led some investors to pull out their investments. In contrast, competitors such as Meta Quest 3, which is set to launch in late 2023 and is priced more affordably at $299.99 to $349.99, provide better value for customers. Despite disappointing investors, the Apple Vision Pro headset still has some interesting features such as the absence of wires and controllers, the ability to view apps around you, view videos and photos, and turn any space into a virtual movie theater or workstation. However, it remains to be seen whether the headset will attract enough customers and sales to boost Apple’s stock value in the long run.
Headset Reveal Causes Apple Stock to Decline
