Apple Inc.'s (NASDAQ:AAPL) highly anticipated Vision Pro headset reportedly faces production woes and slashed targets, raising questions about its future in the mixed-reality market.

What Happened: Apple’s long-awaited mixed-reality Vision Pro headset, unveiled after seven years of development, is facing significant challenges in its production process, leading to drastic cuts in production forecasts.

The headset design’s complexity and manufacturing difficulties have forced Apple to scale back its targets. Plans for a more affordable device version have also been delayed, reported Financial Times citing individuals with direct knowledge of the manufacturing process.