Apple Unveils a $3,500 Headset as it Wades into the World of Virtual Reality 

Members of the media inspect the new Apple Vision Pro headset during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. (Getty Images/AFP)
Members of the media inspect the new Apple Vision Pro headset during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. (Getty Images/AFP)
TT

Apple Unveils a $3,500 Headset as it Wades into the World of Virtual Reality 

Members of the media inspect the new Apple Vision Pro headset during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. (Getty Images/AFP)
Members of the media inspect the new Apple Vision Pro headset during the Apple Worldwide Developers Conference on June 05, 2023 in Cupertino, California. (Getty Images/AFP)

Apple on Monday unveiled a long-rumored headset that will place its users between the virtual and real world, while also testing the technology trendsetter's ability to popularize new-fangled devices after others failed to capture the public's imagination.

After years of speculation, Apple CEO Tim Cook hailed the arrival of the sleek goggles — dubbed "Vision Pro" — at the company's annual developers conference held on a park-like campus in Cupertino, California, that Apple's late co-founder Steve Jobs helped design. The device will be capable of toggling between virtual reality, or VR, and augmented reality, or AR, which projects digital imagery while users still see can see objects in the real world.

“This marks the beginning of a journey that will bring a new dimension to powerful personal technology," Cook told the crowd.

Although Apple executives provided an extensive preview of the headset's capabilities during the final half hour of Monday's event, consumers will have to wait before they can get their hands on the device and prepare to pay a hefty price to boot. Vision Pro will sell for $3,500 once it's released in stores early next year.

“It's an impressive piece of technology, but it was almost like a tease,” said Gartner analyst Tuong Nguyen. “It looked like the beginning of a very long journey."

Instead of merely positioning the goggles as another vehicle for exploring virtual worlds or watching more immersive entertainment, Apple framed the Vision Pro as the equivalent of owning a ultrahigh-definition TV, surround-sound system, high-end camera, and state-of-the art camera bundled into a single piece of hardware.

“We believe it is a stretch, even for Apple, to assume consumers would pay a similar amount for an AR/VR headset as they would for a combination of those products,” D.A. Davison Tom Forte wrote in a Monday research note.

Despite such skepticism, the headset could become another milestone in Apple’s lore of releasing game-changing technology, even though the company hasn’t always been the first to try its hand at making a particular device.

Apple's lineage of breakthroughs dates back to a bow-tied Jobs peddling the first Mac in 1984 —a tradition that continued with the iPod in 2001, the iPhone in 2007, the iPad in 2010, the Apple Watch in 2014 and its AirPods in 2016.

The company emphasized that it drew upon its past decades of product design during the years it spent working on the Vision Pro, which Apple said involved more than 5,000 different patents.

The headset will be equipped with 12 cameras, six microphones and a variety of sensors that will allow users to control it and various apps with just their eyes and hand gestures. Apple said the experience won't cause the recurring nausea and headaches that similar devices have in the past. The company also developed a technology to create a three-dimensional digital version of each user to display during video conferencing.

Although Vision Pro won't require physical controllers that can be clunky to use, the goggles will have to either be plugged into a power outlet or a portable battery tethered to the headset — a factor that could make it less attractive for some users.

“They’ve worked hard to make this headset as integrated into the real world as current technology allows, but it’s still a headset,” said Insider Intelligence analyst Yory Wurmser, who nevertheless described the unveiling as a “fairly mind-blowing presentation.”

Even so, analysts are not expecting the Vision Pro to be a big hit right away. That's largely because of the hefty price, but also because most people still can't see a compelling reason to wear something wrapped around their face for an extended period of time.

If the Vision Pro turns out to be a niche product, it would leave Apple in the same bind as other major tech companies and startups that have tried selling headsets or glasses equipped with technology that either thrusts people into artificial worlds or projects digital images onto scenery and things that are actually in front of them — a format known as “augmented reality.”

Facebook founder Mark Zuckerberg has been describing these alternate three-dimensional realities as the “metaverse.” It's a geeky concept that he tried to push into the mainstream by changing the name of his social networking company to Meta Platforms in 2021 and then pouring billions of dollars into improving the virtual technology.

But the metaverse largely remains a digital ghost town, although Meta's virtual reality headset, the Quest, remains the top-selling device in a category that so far has mostly appealed to video game players looking for even more immersive experiences. Cook and other Apple executives avoided referring to the metaverse in their presentations, describing the Vision Pro as the company's first leap into “spatial computing” instead.

The response to virtual, augmented and mixed reality has been decidedly ho-hum so far. Some of the gadgets deploying the technology have even been derisively mocked, with the most notable example being Google's internet-connected glasses released more than a decade ago.

Microsoft also has had limited success with HoloLens, a mixed-reality headset released in 2016, although the software maker earlier this year insisted it remains committed to the technology.

Magic Leap, a startup that stirred excitement with previews of a mixed-reality technology that could conjure the spectacle of a whale breaching through a gymnasium floor, had so much trouble marketing its first headset to consumers in 2018 that it has since shifted its focus to industrial, health care and emergency uses.

Wedbush Securities analyst Dan Ives estimated Apple will sell just 150,000 of the headsets during its first year on the market before escalating to 1 million headsets sold during the second year — a volume that would make the goggles a mere speck in the company's portfolio.

By comparison, Apple sells more than 200 million of its marquee iPhones a year. But the iPhone wasn't an immediate sensation, with sales of fewer than 12 million units in its first full year on the market.



Taiwan Chip Giant TSMC Says Net Profit Hit Record in 3rd Quarter

FILE PHOTO: File Photo: The logo of Taiwan Semiconductor Manufacturing Company (TSMC) at the company's second-quarter earnings conference in Taipei, Taiwan, July 16, 2026. REUTERS/Ann Wang/File Photo/File Photo
FILE PHOTO: File Photo: The logo of Taiwan Semiconductor Manufacturing Company (TSMC) at the company's second-quarter earnings conference in Taipei, Taiwan, July 16, 2026. REUTERS/Ann Wang/File Photo/File Photo
TT

Taiwan Chip Giant TSMC Says Net Profit Hit Record in 3rd Quarter

FILE PHOTO: File Photo: The logo of Taiwan Semiconductor Manufacturing Company (TSMC) at the company's second-quarter earnings conference in Taipei, Taiwan, July 16, 2026. REUTERS/Ann Wang/File Photo/File Photo
FILE PHOTO: File Photo: The logo of Taiwan Semiconductor Manufacturing Company (TSMC) at the company's second-quarter earnings conference in Taipei, Taiwan, July 16, 2026. REUTERS/Ann Wang/File Photo/File Photo

Taiwanese chip giant TSMC said Thursday that net profit soared 68.7 percent to a record high in the third quarter, buoyed by massive global demand for AI hardware.

The result marked the sixth straight record quarterly net profit for the company, the world's biggest contract maker of microchips, including those used in Nvidia AI data center processors.

But with the AI boom only getting bigger, analysts warn that chipmakers and other tech firms reporting bumper financial results risk being "judged against perfection" by investors.

Meanwhile the company's planned expansion into the United States, including building chip plants in Arizona, is also likely to shape its future earnings.

TSMC's net profit for July to September surged year-on-year to NT$763.1 billion (US$23.6 billion), beating analyst estimates of NT$739.5 billion.

The result surpassed the company's previous quarterly record of NT$706.6 billion set in April-June 2026.

Quarterly revenue rose 50.9 percent to NT$1.5 trillion.

"Our business was supported by strong demand for our leading-edge process technologies," AFP quoted the company as saying in a statement.

Governments and tech giants are pouring eye-watering sums into building data centers that can train and run AI tools such as image generators and agents that can execute tasks.

But concerns about overstretched valuations have fueled fears of a market bubble, along with questions over when the massive investments into AI will reap returns.

TSMC's share price has ballooned nearly 60 percent this year, adding pressure on its earnings announcement as investors ask how long the good times can last.

TSMC builds chips for the likes of Nvidia, Apple, AMD and Broadcom -- meaning it "sits at the very center of the AI ecosystem", Zavier Wong, Market Analyst at eToro, told AFP ahead of the earnings announcement.

"Every leading AI chip still runs through its factories, so for investors, this week's results are about as close as it gets to a health check on the entire AI build-out."

Fears over AI's dangers have intensified in recent weeks, leading to calls for leading US labs to deliberately slow down their technological advancement.

"If the biggest buyers start to pace their spending, whether because of funding costs or AI labs slowing the development of new models, chipmakers would feel it quickly," Wong said.

TSMC is not the only chip giant enjoying the benefits of the AI boom.

Last week, South Korea's Samsung Electronics forecast a more than 780 percent leap in third-quarter operating profit from a year earlier.

But Samsung's shares still fell because its forecast missed expectations.

"Record profits have become the new normal, and Nvidia has lived with this for years, judged against perfection," Wong said.

Often "investors skip straight past the headline numbers and pick through the guidance and the fine print for any warning signs.”


Mexico Gives Social Networks One Month to Remove Violent Content

FILE PHOTO: Mexico's President Claudia Sheinbaum speaks during her daily conference in Mexico City, Mexico, May 29, 2026. REUTERS/Quetzalli Nicte-Ha/File Photo
FILE PHOTO: Mexico's President Claudia Sheinbaum speaks during her daily conference in Mexico City, Mexico, May 29, 2026. REUTERS/Quetzalli Nicte-Ha/File Photo
TT

Mexico Gives Social Networks One Month to Remove Violent Content

FILE PHOTO: Mexico's President Claudia Sheinbaum speaks during her daily conference in Mexico City, Mexico, May 29, 2026. REUTERS/Quetzalli Nicte-Ha/File Photo
FILE PHOTO: Mexico's President Claudia Sheinbaum speaks during her daily conference in Mexico City, Mexico, May 29, 2026. REUTERS/Quetzalli Nicte-Ha/File Photo

Mexican President Claudia Sheinbaum on Wednesday ordered Meta, TikTok, X, Apple and Microsoft to remove content inciting violence on their social networks following a spate of deadly attacks in schools.

Sheinbaum gave the platforms a month to comply or face sanctions.

In the past two weeks, two people have been killed and several people injured in two separate school attacks.

The attacks have caused alarm in a country that lives in terror of brutal drug cartels but is a relative stranger to shootings or stabbings in schools.

On October 1, two teenage brothers armed with knives and fireworks killed a female assistant principal and injured three other people at a school in Coahuila state.

Then on Tuesday, a teacher was shot dead at a school in the southern state of Oaxaca, AFP reported.

Sheinbaum linked the violence to "behavior associated with communication on social media."

She said that if the tech companies did not "adjust their algorithms" to remove "all violent content linked to the accounts of children and adolescents," she would legislate to impose sanctions on them.

The decree issued by Sheinbaum on Wednesday orders social networks to prevent minors accessing "images and videos that lead to or encourage violence in a school setting," including "abuse, suicide, self-harm, cyberbullying and hate speech."

The networks must alert the authorities "if they identify content that endangers life."

In a discussion with TikTok and Instagram users, Sheinbaum denied that the new rules amounted to censorship.

"We're not banning social media," she said.


Eight US States Sue OpenAI, Claiming ChatGPT Harms Young Users

A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. (Reuters)
TT

Eight US States Sue OpenAI, Claiming ChatGPT Harms Young Users

A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. (Reuters)

A bipartisan group of eight states said on Wednesday they had sued OpenAI in courts across the country over harms they say ChatGPT has caused to their residents, alleging the chatbot has coached its users — including teenagers — to harm themselves or others.

Attorneys general from the states, which include Iowa, Kansas and Arizona, filed the lawsuits independently in state courts, claiming ChatGPT is designed ‌to be ‌agreeable and engaging to earn the trust ‌of ⁠users. But the ⁠chatbot reinforces delusions, encourages dangerous behavior and assists users in planning violence like mass shootings, the lawsuits claim.

The lawsuits represent the most significant coordinated state action against an artificial intelligence company, adding to a wave of legal challenges OpenAI faces as it ⁠prepares for a public listing. Florida's attorney ‌general filed the first ‌such state suit in June.

The lawsuits accuse the company of ‌violating state consumer protection laws by misleading users ‌about the safety of ChatGPT. The states also allege that the company created a public nuisance by endangering the health of their residents.

The lawsuits seek orders forcing OpenAI ‌to make changes to how ChatGPT works. Among other things, the states want ⁠the company barred ⁠from developing AI models that can improve themselves unless it can ensure those models are aligned with human values.

The states, which also include Arkansas, Idaho, Montana, Nebraska and West Virginia, are also seeking civil monetary penalties for OpenAI's violations of state law as well as damages.

A spokesperson for OpenAI did not immediately respond to a request for comment.

The company is also facing dozens of lawsuits by private plaintiffs, alleging ChatGPT helped users plan mass shootings or other violence.