In addition, the move also represents Apple’s first announcement of a major new product in nearly a decade. Building upon its legacy of innovation, Apple has harnessed cutting-edge technologies to create a product that could revolutionize the way we interact with the virtual world.
The headset is priced at $3,499 and is expected to go on sale in Q1 2024.
In light of Vision Pro’s announcement, Finbold has tapped Google Bard, Alphabet’s (NASDAQ: GOOGL) promising artificial intelligence (AI) chatbot, to predict how could Apple’s metaverse push affect the tech giant’s stock price in 2025.
Google Bard’s prediction
Initially, the AI tool said it is challenging to predict how Vision Pro’s release could affect AAPL’s share price in the following two years, there are several reasons why the product “could have a positive impact on Apple’s stock price.”
Notably, Bard believes AAPL could hit new heights in 2025, thanks to its “strong track record of success with new products.”
“The company has released a number of innovative products over the years, including the iPhone, the iPad, and the Apple Watch. These products have been very popular with consumers, and they have helped to drive Apple’s stock price higher.”– Google Bard wrote in the response.
This, coupled with the rapid growth of VR and the broader metaverse markets, have the potential to be a positive catalyst for Apple’s stock price in 2024 and 2025.
Having said that, Bard predicts the company’s stock price to “be between $200 and $225 per share. This would represent a growth of 10-15% from its current price of $185 per share,” it added.
At the same time, the chatbot also noted certain risks associated with Vision Pro that could negatively affect AAPL, most notably its price tag, which makes it unclear to say how many consumers will be willing to pay for it.
Additionally, the VR market is still in its early stages, Bard said, and it is possible that the Vision Pro will not be as successful as Apple hopes.
Apple stock price analysis
At press time, Apple’s shares advanced 1.56% in the past 24 hours to $183.79, marking the stock’s new all-time closing high since January 2022. The company’s intraday record in the stock market was reached following Apple’s Vision Pro unveiling last week.
Over the past month, the stock rose nearly 6% and more than 41% since the start of the year, which represents a strong recovery from a turbulent 2022.
In the wake of its impressive stock performance and Vision Pro announcement, as well as the upcoming iPhone 15 product cycle, Wedbush analyst Daniel Ives said he forecasts Apple to become a $4 trillion company in the fiscal year 2025.
Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.