Apple’s Best Hope for New Headset: a Smartwatch-Like Trajectory

The company gathers top 100 executives for demos of mixed-reality device before June unveiling.

The Apple Watch retail launch in 2015.

Photographer: Brent Lewin

Apple’s push into mixed reality will take years to pay off, with the company hoping the device follows the same trajectory as its smartwatch. Also: My podcast about production shifting away from China, the iOS 16.4 update reaches a key stage, and Apple Pay goes live in South Korea.

Last week in Power On: Inside Apple’s companywide push to cut costs and avoid layoffs.