Apple on Metaverse: We See a Lot of Potential and Are Investing — CEO Tim Coo...
Apple CEO Tim Cook says the metaverse has a lot of potential and his company is investing accordingly. “It’s very interesting to us,” he noted. Global investments banks Morgan Stanley and Goldman Sachs have predicted that the metaverse could be an $8 trillion opportunity. Apple Sees a Lot of Potential in the Metaverse, Says CEO Tim Cook Apple Inc. answered a question about the metaverse during its Q1 2022 earnings call last week. CEO Tim Cook was asked, “How are you thinking about the metaverse opportunity and Apple’s role in that....
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Time Cook said in an investors call that Metaverse applications have a lot of potential and that his company is investing in AR developments on its devices. Apple's stock price jumped in after hours trading after CEO Tim Cook said during the company’s Q1 2022 earnings call that he sees considerable potential in the Metaverse space.When asked on Jan. 27 during the call about Apple’s opportunities within the Metaverse, Cook responded “we see a lot of potential in this space and are investing accordingly.” “We're always exploring new and emerging technologies and I've spoken at length about....
Virtual lands are all the rage, but why are real estate investors pouring literal millions into metaverse properties? Let’s break it down. Real estate in the metaverse is booming, but will it last?It’s no secret that investors are spending millions on metaverse real estate. But one must wonder if these investments are based on a fad.While there has always been speculative interest in metaverse properties, since projects like Decentraland launched, interest shot up upon Facebook’s name change to Meta. The social media entity has certainly faced some controversy, but there’s no denying its....
Apple Inc. shared a glimpse of its future ventures in the metaverse as CEO Tim Cook talked about the company’s expected entry into augmented reality (AR) last week. The Cupertino-based company currently has 14,000 available AR applications on the App Store and Cook suggested that they will proceed to increase this number in the following […]
Metaverse use case growth is on the rise around the globe as of now. For example, the UAE previously made it possible to legally binding documents in a virtual space, and many others, like Apple, have been building their own metaverse strategy. In this slew, Japan builds a metaverse-based educational and therapeutic process to encourage […]
Apple is currently the second largest company by market cap behind Microsoft, with Cook personally worth more than $1 billion. Apple chief executive officer Tim Cook said he owns some crypto as "part of a diversified portfolio," but is not planning for the tech company to follow Tesla’s example by investing in Bitcoin or other tokens.Speaking at the New York Times’ DealBook Online Summit on Nov. 9, Cook said he would not use the company’s roughly $200 billion in cash on hand to invest in cryptocurrencies. He also did not intend to accept crypto as a means of a payment for Apple products....