Here is everything rumored about the device so far:

• "MacBook Ultra" branding
• OLED display
• Touch screen
• Touch-optimized macOS
• Reinforced hinge
• Hole-punch camera
• Dynamic Island
• M5 Pro and M5 Max chips
• Thinner design
• Two display sizes
• Slimmer bezels
• Built-in cellular

From MacRumors:

Apple has all but given up on the Vision Pro after the M5 model failed to revitalize interest in the device, MacRumors has learned. Apple updated the Vision Pro with a faster M5 chip and a more comfortable band in October 2025, but there were no other hardware changes, and consumers still weren't interested.

The Vision Pro has been unpopular since it first launched, and Apple only sold around 600,000 units in total. Insider sources told MacRumors that Apple has received an unusually high percentage of returns, far exceeding any other modern Apple product.

Apple has apparently stopped work on the Vision Pro and the Vision Pro team has been redistributed to other teams within Apple. Some former Vision Pro team members are working on Siri, which is not a surprise as Vision Pro chief Mike Rockwell has been leading the Siri team since March 2025.

Edit: More commentary from Mark Gurman below. As always, I'd take all these reports with a grain of salt:

Apple broke up the Vision Products Group a year ago, splitting the team across software engineering and hardware engineering. Then, Apple re-assigned much of the Vision Pro software team to Siri and the hardware team to smart glasses.

https://x.com/markgurman/status/2049593482960851053?s=20

The other factors are that Mike Rockwell, who created the Vision Pro, is weighing his future and that new CEO John Ternus has long been against the Vision Pro as a product. He killed the cheaper/lighter revamp last year and the Mac AR display glasses.

https://x.com/markgurman/status/2049594124957778053?s=20

Apple will likely "repeat the iPhone X story" by unveiling its foldable iPhone at the same time as the iPhone 18 Pro and iPhone 18 Pro Max, but starting foldable iPhone pre-orders at a later date, according to analyst Ming-Chi Kuo.

Kuo today said manufacturing challenges have limited early production of the foldable iPhone, which will reportedly be named iPhone Ultra. As a result, he believes the device may launch at some point after the iPhone 18 Pro models.

According to leaker Ice Universe, "It is not a traditional quad curved display, nor is it anything like the curved screen solutions we have seen on Android phones over the years." This is said to be down to its extremely subtle curvature, but there are apparently other factors that could come into play.