Apple’s decision to deprioritize a full Vision Pro successor in favor of smart glasses has driven the near-certain market consensus against a pre-2027 release. Bloomberg’s Mark Gurman and analyst Ming-Chi Kuo report that the cheaper Vision Air project was canceled in 2025, engineering resources shifted to AI smart glasses targeted for late 2027, and any true next-generation headset—requiring major reductions in weight, cost, and form factor—remains on ice until at least late 2028 or 2029. The October 2025 M5 chip refresh was a modest update rather than a generational redesign, with no supply-chain signals or official timelines supporting a 2026 launch. While an unforeseen technical breakthrough or redefinition of “Vision Pro 2” could theoretically alter outcomes, the consistent reporting and resource reallocation make a release before year-end highly improbable.