Apple reportedly delays launch of mixed-reality headset until June

Apple AAPL, +1.39% has been working on the mixed-reality headset for years, and its launch has been delayed a number of times. In January, Bloomberg reported that the follow-up to the mixed-reality headset — lightweight augmented-reality glasses — were being delayed until 2024 or 2025.

In that report, Bloomberg reported the mixed-reality headset due this year would cost around $3,000.

Read more: Here’s what Apple’s mixed-reality headset could feature

Mixed reality combines real-world and digital elements, allowing users to interact in a virtual environment, as opposed to virtual reality, which is completely immersive, and augmented reality, which overlays virtual information, such as images, text and animation, over the real world.

Apple has not had a major product launch since AirPods wireless headphones in 2016.

Apple shares are up about 20% year to date, but down 10% over the past 12 months, compared to the S&P 500’s SPX, +0.28% 8% gain in 2023 and 7% decline over the past year.