Apple event: What to know about its virtual reality headset release
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Apple is expected to reveal its virtual reality headset Monday, marking the tech giant's first major product launch since it released its AirPods earbuds in 2016.
Apple's device is expected to cost between $2,000 and $3,000 and is aimed at developers of video games and other applications, rather than the general public.
The new virtual reality headset has Apple playing catchup in the VR arms race, with rivals such as Google and Facebook owner Meta already having made forays into the growing space. Still, making a late entry into a marketplace has worked for Apple with other products, such as with smartwatches, because it allows the tech giant to wait as other companies test new markets first, according to Wedbush securities technology analyst Dan Ives.
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