Recent Bloomberg reporting from Mark Gurman has solidified trader consensus around a late 2028 or early 2029 launch window for a true Apple Vision Pro successor, with the N224 project described as on "life support" amid resource shifts toward smart glasses targeted for late 2027. The M5-equipped Vision Pro released in late 2025 represents only a minor refresh of the original 2024 design rather than a generational leap, and no official announcements or supply-chain signals point to an accelerated timeline. This leaves virtually no path to a release before the end of 2026. While competitive pressure or an unexpected internal reprioritization could theoretically compress schedules, the combination of technical challenges around weight reduction, cost, and form factor makes any near-term breakthrough highly improbable.