Apple to launch its Vision Pro in the U.S. on February 2nd

Apple Inc (NASDAQ: AAPL) says it will launch its Vision Pro in the United States on February 2^nd. Shares of the tech titan are trending up in premarket on Monday.

Vision Pro pre-orders will begin soon

The multinational will open pre-orders for its virtual reality headset on January 19^th, as per its press release today. According to Tim Cook – the chief executive of Apple Inc:

Vision Pro was first announced at the company’s Worldwide Developers Conference in 2023. The Nasdaq-listed firm expects its new product to go up against Meta’s Quest.

Apple is scheduled to report its financial results for the first quarter on February 1^st. Consensus is for it to earn $2.08 a share versus $1.88 per share a year ago.

Is Apple stock worth buying here?

Apple Inc ended the recent year on a rather strong note – up nearly 50%.

But a similar performance is unlikely to be repeated in 2024, as per Richard Kramer – an Arete Research analyst. On CNBC’s “Worldwide Exchange”, he said this morning:

Last week, Barclays analyst Tim Long downgraded $AAPL to “underweight” and said its shares could tank to $160 which suggests more than a 10% downside from here (find out more).