Apple’s Innovation Path: Smart Glasses and Home Devices on the Horizon
Team FS
14/Oct/2024

What's covered under the Article:
1. Apple's Vision Products Group is developing smart glasses set for a 2027 launch, aiming for affordability and success like Meta's offerings.
2. A lower-cost version of the Vision Pro is expected early next year, potentially doubling unit sales compared to the original model.
3. Apple's focus on home automation includes a new operating system and advanced home devices, integrating AI for enhanced user experience.
In recent years, Apple has faced criticism for a perceived lack of groundbreaking innovation beyond its Vision Pro mixed reality headset. The recent launch of the iPhone 16 has been seen as another incremental upgrade, lacking features that excite the loyal fanbase. However, reports indicate that Apple is working diligently behind the scenes to introduce several innovative products aimed at reclaiming its position in the competitive technology landscape.
Apple’s Smart Glasses
According to Bloomberg's Mark Gurman in his Power On newsletter, Apple is eyeing a 2027 launch for its much-anticipated smart glasses. This device aims to be lighter and more affordable, taking cues from Meta's Ray-Ban smart glasses, which have outperformed the $3,500 Vision Pro in terms of market success. The shift to a more accessible price point reflects Apple's intention to capitalize on the billions spent on the Vision Pro's visual intelligence technology. This technology is capable of scanning a user's environment and providing valuable insights. An initial glimpse of this capability will be included in the upcoming iPhone 16, paving the way for a broader integration across Apple's product lines.
The Lower-Cost Vision Pro
In addition to the smart glasses, the Vision Products Group is reportedly developing a lower-end version of the Vision Pro, expected to launch in early 2025. This model is anticipated to be priced around $2,000, making it more accessible to consumers. With a less powerful chipset and more economical materials, Apple hopes to achieve unit sales that double those of the original Vision Pro. Furthermore, a second-generation Vision Pro is likely in the pipeline for 2026, indicating Apple's ongoing commitment to expanding its mixed reality offerings.
Home Hardware Innovations
Apple is also ramping up its efforts in the home hardware market. Over the next two years, the company plans to prioritize the development of a new homeOS operating system alongside a smart display and a high-end robotic tabletop device. This initiative aims to recover market share lost to competitors like Amazon and Google in the smart home sector. The upcoming smart display is expected to deliver various functionalities, including streaming through Apple TV+, FaceTime, web browsing, and access to apps like Calendar and Notes. This affordable device will resemble the HomePod mini in design, allowing it to be placed conveniently throughout the home.
Advanced Tabletop Device with AI
A more advanced tabletop device is also in development, projected to retail for around $1,000. This innovative device will emphasize home security, high-quality videoconferencing, and premium media playback capabilities. What sets this product apart from competitors is its swiveling robotic arm, allowing the screen to follow users and engage dynamically during interactions. The integration of artificial intelligence plays a crucial role in this device. By utilizing Apple Intelligence, the tabletop device will enhance home automation, providing precise control over apps, devices, and media.
Gurman notes that the tabletop device will leverage AI to discern its environment, recognizing who is engaging with the screen, what activities are occurring, and who is speaking. This feature could establish it as a signature product in Apple’s lineup—marking the first device designed with Apple Intelligence at its core.
Conclusion
Apple's potential innovations, including smart glasses and advanced home devices, signify a strategic shift aimed at reclaiming its competitive edge in the tech industry. As Apple continues to refine its approach, the focus on affordability and AI integration could transform how consumers interact with technology in their daily lives. These upcoming products may well mark the beginning of a new chapter for Apple, demonstrating its commitment to innovation and user experience.
For more information on recent technology news and the best IPOs to apply for, visit Best IPO to Apply Now - IPO List 2024, Latest IPO, Upcoming IPO, Recent IPO News, Live IPO GMP Today - Finance Saathi and Top News Headlines - Share Market News, Latest IPO News, Business News, Economy News - Finance Saathi.
Join our Trading with CA Abhay Telegram Channel for regular Stock Market Trading and Investment Calls by CA Abhay Varn - SEBI Registered Research Analyst & Finance Saathi Telegram Channel for Regular Share Market, News & IPO Updates.
Start your Stock Market Journey and Apply in IPO by Opening a Free Demat Account in Choice Broking FinX.