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Vision Pro’s US sales to drop 76% quarter-on-quarter, per IDC estimates

Apple's Vision Pro is facing a reality check. Despite being the company’s first major new device in a decade, sales have stumbled. Fewer than 172,000 units have been sold in the US since its launch, according to estimates from market tracker IDC reported by Bloomberg.

More worrying, however, is that IDC expects Apple to sell just ~19,000 in the US in Q3, which would represent a 76% drop in sales, as the device’s $3,500 price tag remains a major hurdle to widespread adoption. But the Vision Pro's biggest challenge may be its lack of a "killer app" — its app ecosystem remains limited, with just over 2,000 offerings after 5 months.

Apple Vision Pro sales expected to drop

IDC expects a boost from the international release of the product, and a cheaper model — anticipated next year — is expected to lift US sales.

More worrying, however, is that IDC expects Apple to sell just ~19,000 in the US in Q3, which would represent a 76% drop in sales, as the device’s $3,500 price tag remains a major hurdle to widespread adoption. But the Vision Pro's biggest challenge may be its lack of a "killer app" — its app ecosystem remains limited, with just over 2,000 offerings after 5 months.

Apple Vision Pro sales expected to drop

IDC expects a boost from the international release of the product, and a cheaper model — anticipated next year — is expected to lift US sales.

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Senate bipartisan Artificial Intelligence (AI) Insight Forum on Capitol Hill in Washington

A tale of two capex increases: Why investors are responding to Google and Meta so differently

Two big tech companies posted stellar earnings and upped their capex forecasts. One stock is up, one is down.

tech

SpaceX filings reportedly show no one can fire Elon Musk except Elon Musk

The only thing stopping Elon Musk from being chairman and CEO of SpaceX is Elon Musk, according to Reuters, which viewed an excerpt of the company’s IPO filing.

The document outlines a dual-class share structure giving Musk control via super-voting stock. The filing says he “can only be removed from our board or these positions by the vote of Class B holders” — shares he’ll control after the listing. It adds that if he keeps those shares, he could “continue to control the election and removal of a majority of our board.”

At a typical public company — even founder-led ones with dual-class structures — a CEO can be fired by the board of directors, which represents shareholders and can vote to remove them over issues such as corporate performance, strategy, or misconduct.

The unusual SpaceX setup means Musk is unlikely to face the kind of CEO succession pressure he’s dealt with at Tesla. Musk, of course, is not a typical CEO, and the value of his companies has long been closely tied to his presence.

To be sure, SpaceXs confidential IPO filing isnt in its final form yet — while the filing is still in the confidential phase, the company will be going back and forth with the SEC, which will review it and suggest or require changes.

At a typical public company — even founder-led ones with dual-class structures — a CEO can be fired by the board of directors, which represents shareholders and can vote to remove them over issues such as corporate performance, strategy, or misconduct.

The unusual SpaceX setup means Musk is unlikely to face the kind of CEO succession pressure he’s dealt with at Tesla. Musk, of course, is not a typical CEO, and the value of his companies has long been closely tied to his presence.

To be sure, SpaceXs confidential IPO filing isnt in its final form yet — while the filing is still in the confidential phase, the company will be going back and forth with the SEC, which will review it and suggest or require changes.

tech
Rani Molla

OpenAI’s models are officially coming to Amazon

Amazon is finally getting in on the hottest ticket in tech.

After Microsoft announced yesterday that it has agreed to give up its exclusive rights to sell OpenAI’s models, Amazon, as expected, will start offering them to customers — something Amazon Web Services CEO Matt Garman says users have been asking for “for a really long time.” Some models are available now in preview, and the most powerful GPT versions will show up “in the coming weeks.”

This is a big shift in the AI cloud wars. Microsoft’s early bet on OpenAI gave Azure an edge by locking up the most in-demand models. Now that exclusivity is gone, Amazon and other competitors can finally offer them too, closing a key gap and competing more directly for AI customers.

This is a big shift in the AI cloud wars. Microsoft’s early bet on OpenAI gave Azure an edge by locking up the most in-demand models. Now that exclusivity is gone, Amazon and other competitors can finally offer them too, closing a key gap and competing more directly for AI customers.

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