An attendee wears an HTC Corp. Vive virtual reality (VR) headset at Apple’s Worldwide Developers Conference (WWDC) in San Jose, California, U.S., Monday, June 5, 2017.
David Paul Morris | Bloomberg | Getty Images
While Apple has never publicly confirmed work on the headset, investors and analysts are increasingly confident the device will be an important new product category for the tech giant. According to reports, a large team called the “Technology Development Group” is working on the headset.
Apple had previously planned to unveil the product at its developer conference, but it may be delayed due to overheating, camera and software challenges, the report said.
The delay may dampen enthusiasm for virtual worlds, a collection of technologies related to augmented and virtual reality that are often overtly supported by competitors.Analysts in the industry look forward to Apple’s product launch provide a beam of energy for the industry.
The delay could also raise questions about Apple’s plans to go public. The iPhone maker’s annual developer conference is seen as the perfect place to get software makers excited to develop apps for new products.
The headset is expected to offer a virtual reality experience with a high-resolution screen.Some reports say it can May cost over $1,000, much higher than current VR headsets like the $299 Meta Quest.
According to Bloomberg, it will focus on communication tools and media consumption. A standalone augmented reality product with clear lenses is still several years away, the report added.
According to Bloomberg, Apple told suppliers that the product could sell as much as 10 million units in its first year.
An Apple representative declined to comment.