Apple Inc. (NASDAQ:AAPL) is likely to significantly cut production targets for its VR headset Vision Pro, according to people familiar with the matter on Monday. According to the source, Apple is preparing to produce fewer than 400,000 Vision Pro devices in 2024, compared to its previous goal of 1 million.

Sources said the reason for the sharp reduction in production targets was the complexity of the Vision Pro product design and the difficulty of production.

Three weeks after its launch, Apple became the first company in the world to surpass $3 trillion in market value.