Apple investors dumped their shares after the company’s VR headset- analyst said was overhyped

Apple stock fell nearly -1% on Monday after the release of its highly-anticipated Vision Pro virtual reality headset that one analyst said was costlier than anticipated and overhyped.

The Vision Pro unveiling created a sell-the-news event in Monday’s trading, as is typical for a product launch of its scale, KeyBanc analyst Brandon Nispel wrote in a research note to clients on Monday, saying the “hype leading into the event felt well overdone.

Prior to the news the stock was 4% higher.

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