Apple stock jumps after CEO reveals it's investing in the Metaverse
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....
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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....
Meta published the application for registration on Jan. 25 and is currently awaiting opposition prior to INPI approval. Meta, the world’s biggest social media platform, has filed a trademark registration with the Brazilian authorities to design, develop and provision hardware and software for various Bitcoin (BTC) and crypto-related services. Meta recently rebranded from Facebook as a move to better align with the Metaverse developments despite regulatory hurdles faced during its numerous previous attempts to enter the crypto space.Accelerating this effort, Meta filed a trademark....
In late November, two Canadian metaverse ETFs started trading on the Toronto Stock Exchange on the same day. ProShares, the first company in the United States to launch a Bitcoin (BTC) exchange-traded fund (ETF), is diving into metaverse as it now plans to launch a new metaverse-focused ETF.ProShares on Tuesday filed with the U.S. Securities and Exchange Commission (SEC) for an ETF focused on metaverse, called the ProShares Metaverse Theme ETF.Subject to approval by the SEC, the proposed ETF will track the performance of the Solactive Metaverse Theme Index (SOMETAV), consisting of firms....
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....
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 […]