's (NASDAQ: AAPL) upcoming product, the first new device category launch since the Apple Watch was announced in 2014, was no closely held secret. Rumors have been abundant about development of a virtual reality (VR) or mixed reality headset -- a medium that would bring users into the so-called metaverse, or a 3D rendering of the internet. The wait is over. Vision Pro has been revealed.  

The only problem is it won't be available until 2024, and it carries a hefty price tag of $3,499. Facebook parent Meta Platforms (NASDAQ: META) likely feels safe with its own new headset announcement, the Quest 3, available later in 2023 for $499.

Nevertheless, Meta's efforts to date haven't set off widespread adoption of the metaverse. Could Apple's VR headset reignite the buzz?

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Source Fool.com