Apple Inc. is gearing up for a significant event: the preorder launch of its much-anticipated Vision Pro mixed-reality headset. This Friday marks a pivotal moment for the tech giant as it tests consumer interest in its premium-priced gadget, retailing at $3,499.
Unique Preorder Process and Market Speculations
The Vision Pro will be available for online preorders starting at 8 a.m. Eastern time, both on Apple’s website and through its mobile application. This launch is not just about making the product available; it’s about understanding consumer responses to this high-end device. The official release in stores and to customers is set for February 2.
A notable aspect of this preorder is the personalized process. Customers are required to use a recent iPhone or iPad to scan their head. Additionally, those with specific vision needs can submit their prescription details. This tailored approach is a departure from Apple’s usual sales strategies, and while the company typically remains silent on sales figures for new launches, the preorder outcomes might offer some insights. Extended delivery dates beyond the initial release could indicate high demand, limited supply, or a mix of both factors.
Analyst Predictions and Apple’s Broader Strategy
Despite the buzz, Wall Street analysts, including UBS Group AG’s David Vogt, anticipate a modest start for the Vision Pro. Vogt’s projections suggest that Apple might sell between 300,000 to 400,000 units in the first year, potentially generating around $1.4 billion in revenue. While significant, this figure is a small fraction of Apple’s $383 billion in sales last year, making it relatively minor in the grand scheme.
The Vision Pro is more than just a product; it’s a strategic move by Apple. This launch marks the company’s first major new product category since its foray into smartwatches in 2015. However, the Vision Pro’s success might not be immediate. It’s expected that Apple will continue to enhance the headset, making it more affordable and comfortable, while also exploring more uses for the device.
Long-Term Implications for Apple
In the broader context, Apple is seeking a new revenue stream. The smartphone market is reaching saturation, and challenges, particularly in China, are affecting the company’s financial health. Apple has experienced a decline in revenue for four consecutive quarters, a trend not seen in over two decades. The Vision Pro could play a crucial role in reversing this trend, but it will likely take time for this new product category to fully mature and resonate with consumers.
