Virtual and augmented reality technology is becoming more popular as tech giants pour large sums of money into the development of hardware. Indeed, Apple (NASDAQ:AAPL) is expected to release a mixed-reality headset sometime in 2023. Nevertheless, some are already looking further ahead.
Analyst Ming-Chi Kuo said that second-generation models will be made available in 2025. This will likely include multiple versions with two high-end models and two low-end ones. In addition, Apple’s headsets are expected to incorporate both virtual and augmented reality instead of just one or the other.
Overall, Wall Street analysts have a consensus price target of $171.94 on AAPL stock, implying over 17% upside potential, as indicated by the graphic above.
