“Long term, this doesn’t change anything for Apple.” — Gene Munster
From “Apple’s Headset Delay Is Only a Bump in the Road,” posted Friday to Loup Ventures subscribers:
- It looks like we’re going to be wrong on our recent prediction that Apple will show its MR headset at WWDC given development delays.
- If they miss the WWDC 2022 window, it makes most sense for Apple to hold off on debuting the device until WWDC 2023 given the importance of developer buy-in.
- While the delay is a headwind to a near term catalyst for AAPL multiple expansion, it’s a function of time before investor excitement returns regrading the topic.
- Long-term this does not change anything for Apple. Whether they show the product in 2022, 2023 or 2024 does not matter. Apple will eventually release a product that will build confidence with investors that Apple has a winning approach to AR and the metaverse.
Cue the video:
From Mark Gurman et al.’s “Apple’s New VR/AR Headset Risks Being Delayed Until 2023” posted earlier Friday:
Apple is considering pushing back the debut of its mixed-reality headset by at least a few months, potentially delaying its first major new product since the Apple Watch in 2015, according to people familiar with the situation.
The headset — a high-end device that blends virtual and augmented reality — was targeted for an unveiling at Apple’s annual Worldwide Developers Conference in June, followed by a release later in the year. But development challenges related to overheating, cameras and software have made it harder to stay on track, said the people, who asked not to be identified because the matter is private.
That could push the announcement until the end of 2022 or later, with the product hitting shelves by 2023, the people said.
My take: Munster puts the truthiness of Gurman’s reporting at 80% to 90%, which is pretty good considering how much news Mark breaks.