Results for: Demand

Apple has reportedly reduced production of its Vision Pro virtual reality headsets from 800,000 to 400,000 due to lower-than-expected demand. Apple analyst Ming Chi Kuo states that the $3,500 headset’s demand has fallen, and Apple expects it to decline further next year. Consequently, the company is revising its headset product roadmap and may consider a lower-priced mixed reality headset. To boost demand, Apple plans to introduce the Vision Pro in new markets. Despite the production cut, Kuo emphasizes that Apple is not altering product specifications or user experience.

Sugar prices have surged 4.5% in the last two weeks due to increased demand from ice cream and beverage companies, as well as from political rallies. The government has taken steps to increase sugar production, but rising temperatures and the upcoming elections are continuing to drive up prices.