Some Studio Display Owners Reporting Issues Updating Display to Latest iOS Firmware

Some owners of the new Studio Display are facing issues when attempting to update Apple's newest monitor to its latest firmware, causing some customers to be told by Apple Support to bring in their display for repair at an Apple Store or authorized repair center.
A growing thread on the Apple Support forum (1, 2) includes owners of the Studio Display reporting that as they try to update the display, they're being presented with an error message that reads "Apple Studio Display firmware update co