Apple Vision Pro Debuts In China And It Is Almost $500 More Expensive Than In US

Apple Inc. (NASDAQ:AAPL) began selling its mixed-reality headset, Vision Pro, in China. However, the product’s price, which is about 18% higher than in the U.S., has sparked a debate among consumers.

What Happened: The Vision Pro is being sold at 29,999 yuan ($4,128) in China, in contrast to its $3,500 price tag in the U.S., CNBC reported on Friday. The elevated price has ignited conversations on Weibo, a Chinese social media platform, where users are questioning the value of the China version of Vision Pro and whether it is worth buying.

Despite the pricing debate, Apple stores in Beijing reported that all of Friday’s training sessions for the Vision Pro were fully booked. Chinese companies such as Tencent, Alibaba, and JD.com have also launched Vision Pro versions of their apps.

See Also: Apple To Gain Market Share With AI Smartphone, Says Bullish Analyst: ‘Skate To Where The AI Puck Is Going

Why It Matters: The launch of Vision Pro in China comes after Apple’s trademark dispute over the name "Vision Pro" in the country last year. Despite the legal hurdle, Apple has managed to introduce the product in a market that accounted for approximately 18% of its revenue in the quarter ending Mar. 30, according to an Apple filing.

However, Apple faces tough competition from local brands like Huawei amid heightened national security concerns.

Price Action: As of Friday, Apple was trading 0.79% higher in the pre-market at $215.80 after it closed at $214.10 on Thursday, according to Benzinga Pro.

Read Next: Michael Saylor 2012 Apple Stock Prediction Goes Viral, Here's What Bitcoin Bull Got Right: ‘Whoever Is Selling That Stock Must Be A Moron’

Image via WWDC 2024

This story was generated using Benzinga Neuro and edited by Pooja Rajkumari