Apple Stock News: Work on Multiple Next-Gen Vision Pro Headsets
Apple Stock News: Ongoing work on four next-gen Vision Pro headsets is reported in Asia. DigiTimes states development of a successor and a more affordable model, with unclear details on the other two. The cost of the budget headset’s components is expected to be half of the first-gen, allowing for a significantly lower retail price. Production of samples is set for the second half of 2024, with a potential launch in the second half of 2025. Apple, as reported by Interface News, is engaging with its supply chain for cost reduction on second- and third-gen Vision Pro products to boost future sales. Mass production of the first-gen Vision Pro is slated to start in December, aiming for an initial batch of 400,000 units, with a sales target of one million units for 2024. The first-gen Vision Pro is set to launch in the U.S. early next year, starting at $3,499.
iPad Mini 7 Later in 2024
Apple’s iPad mini has gone over 800 days without an update, but rumors suggest a new version is coming next year. The current model, released in September 2021, featured an 8.3-inch display, A15 Bionic chip, USB-C port, and more. The seventh-generation iPad mini is expected to enter mass production in the second half of 2024, with a likely unveiling in September or October. Anticipated features include an upgraded A16 Bionic chip, improved cameras, new color options, Wi-Fi 6E, Bluetooth 5.3, and a rotated screen assembly to address “jelly scrolling” issues.
Ending Partnership With Goldman Sachs
Apple is discontinuing its credit card partnership with Goldman Sachs, ending the collaboration in the next 12 to 15 months. The fate of a new partnership for the Apple Card remains uncertain. The dissolution encompasses the entire consumer partnership, including the Apple Card and Apple Savings account. Apple reassures customers of continued support while exploring potential replacements. Earlier rumors indicated Goldman Sachs’ desire to end ties with Apple, possibly involving American Express. Synchrony Financial, a major store credit card issuer, is reportedly considering taking over the Apple Card. The partnership faced challenges, with Goldman Sachs experiencing customer service issues and regulatory scrutiny. The U.S. Consumer Financial Protection Bureau launched an investigation, leading to tensions between Apple and Goldman Sachs over blame for the service-related problems. The partnership’s financial dynamics have posed challenges for Goldman Sachs, which lacks certain revenue streams typical in credit card partnerships.