Apple (AAPL) is scaling back production of its Vision Pro mixed reality headset, according to a new report from The Information. This follows the company's decision to build a cheaper model that could be released by the end of next year. The Vision Pro came out with an initial price tag of $3,500 when it hit store shelves in February 2024.

Morning Brief Hosts Seana Smith and Madison Mills report more on the story.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Melanie Riehl