What Apple's entry into virtual reality means for the future of Meta Platforms and the metaverse

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What Apple's entry into virtual reality means for the future of Meta Platforms and the metaverse
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Meta Platforms' vision to sell the future of the metaverse may finally be getting its long-overdue validation thanks to an unlikely partner.

Meta Platforms ' vision to sell a future where people work, play and mingle in a virtual world may finally be getting its long-overdue validation thanks to an unlikely partner. Apple on Monday unveiled its highly anticipated mixed reality product, known as Vision Pro , at its annual Worldwide Developers Conference . The product, expected to hit the market in 2024 at a steep $3,499 price tag, allows users to interact with content and popular iPhone apps without the controller.

JPMorgan's Samik Chatterjee, said in a recent note that he isn't bracing for significant volumes, although he views the headset as a "potential catalyst" for the industry long term.

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