Apple’s decision to deprioritize mixed-reality headsets in favor of lighter smart glasses has anchored trader sentiment, with Bloomberg’s Mark Gurman and analyst Ming-Chi Kuo reporting in mid-2026 that a full Vision Pro successor remains on ice. Resources have shifted after the modest M5 hardware refresh in late 2025, the cancellation of the cheaper Vision Air variant, and persistent challenges around weight, cost, and consumer adoption of the original $3,499 model. Development timelines now point to a possible late-2028 or 2029 launch at earliest, well beyond 2026. While recent macOS code leaks hint at continued internal work on a related codename, no official announcements, supply-chain signals, or regulatory filings support a 2026 release. An unforeseen component breakthrough or accelerated testing could still compress the schedule, though current evidence makes that scenario remote.