Take $x_0 = \cos \theta_0$
Note that $\implies x_r = \cos(\theta_0/2^r)$
(Using $(1+\cos2\theta) = 2\cos^2\theta$)
Your problem then becomes,
$$\lim_{n\rightarrow\infty}\frac{\sin\theta_0}{\cos(\theta_0/2).\cos(\theta_0/4)...\cos(\theta_0/2^n)}$$
Note that $\sin\theta_0 = 2\sin(\theta_0/2)\cos(\theta_0/2)$
Plugging this in and cancelling the $\cos\theta_0/2$ in the denominator gives:
$$\lim_{n\rightarrow\infty}\frac{2\sin\theta_0/2}{\cos(\theta_0/4)...\cos(\theta_0/2^n)}$$
If you keep on repeating this process, you'll be left with
$$\lim_{n\rightarrow\infty}2^n\sin(\theta_0/2^n)$$
Which is simple enough as this is just
$$\lim_{n\rightarrow\infty}\frac{\theta_0\sin(\theta_0/2^n)}{\theta_0/2^n}$$
As $n \rightarrow \infty, (\theta_0/2^n) \rightarrow 0$
So this limit evaluates to $\theta_0$
Which is just $\cos^{-1}x_0$