The price movement was directly correlated with the VR headset announcement along with the demo of features.
- Yes, it looks like ski goggles.
- The OS is called Vision Pro
- The VR OS is similar to Microsoft's Mixed Reality with their Hololens product which came out 8 years ago...
One of the selling features is that your eyes are visible, but the headset will conceal your eyes when you're fully immersed in an app.. which may or may not be groundbreaking as it didn't perfectly reveal your eyes (perhaps because there wasn't enough lighting inside the goggles to show your eyes clearly, but I think this could be fixed w/ software or by adding LED lights on the inside edges), however:
- If you can keep your headset on while talking to people in the room compared to the competition, this feature alone would win out
Price tag is $3500, but again this is the dev conference, so the consumer version of this product will come later, although I can see how a lot of developers might want to buy this thing (also consider that Apple has the largest developer network) compared to competitor headsets which cost 7x less (META is coming out with a $500 VR headset).
Something to note, the stock dropped nearly 1.5% during all the free features (before the VR headset) that were going to be included to existing users, however that did coincide with the market indexes dropping as well.
Total drop from the peak was around 3.5% however the stock recovered nearly a percent, today's loss is only around 0.75% after falling from making another new 52w all time high. Trading volume was 2x the normal average, so ending red is very significant.
META & MSFT stayed relatively flat compared to AAPL.
Overall I think this was bad news for the stock in the short term; buy the rumor sell the news type event. If the VR headset was truly revolutionary, stock price would have gone much higher, so we have to wait & see what Apple developers can do with this headset for consumers & what Apple's actual consumer version of the headset will be. Than after 12 to 18 months when the killer apps come out, re-evaluate Apple's VR headset.
FYI I own AAPL stock
[link] [comments] https://www.reddit.com/r/stocks/comments/141qpd4/aapl_price_dump_after_vr_headset_reveal/
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