Does Apple Really Want A Piece Of The $8 Trillion Metaverse Pie?
technology

Does Apple Really Want A Piece Of The $8 Trillion Metaverse Pie?

THELOGICALINDIAN - Apple Inc aggregate a glimpse of its approaching ventures in the metaverse as CEO Tim Cook talked about the companys accepted access into aggrandized absoluteness AR aftermost week

The Cupertino-based aggregation currently has 14,000 accessible AR applications on the App Store and Cook appropriate that they will advance to access this cardinal in the afterward months.

When apprenticed by AppleInsider on the specifics of their plans, Cook alone said that Apple is “a aggregation in the business of innovation,” and that he alone sees “a lot of potential” and is “investing accordingly.”

According to Cook, they are “constantly investigating” new and arising technologies, and that he has announced abundantly about “how agitative it is for us appropriate now.”

There accept been talks that Apple is alive on a basic absoluteness (VR) angle which is apprenticed to be appear in the closing allotment of 2022, advised for beneath action sessions, breach abroad from the accepted abiding “metaverse” immersive experience.

AR/VR headsets accept continued been assertive the games, entertainment, and educational scenes with the growing acceptance of the metaverse.

Related Reading | Tim Cook Holds Bitcoin And Ethereum As Part Of Diversified Portfolio

While best tech startups and giants are aptitude appear giving bodies a abiding and all-embracing acceptance of their headsets, Apple is accounted to be accomplishing the opposite.

Bloomberg’s Mark Gurman, a acclaimed Apple analyst, said the company’s accessible AR angle is a brain-teaser for how the aggregation will move with their AR venture.

Metaverse, Gurman wrote in his Power On newsletter, is one chat he’d be afraid to apprehend on date back Apple announces its headset.

Apple’s ventures no best appear off as a shock back the aggregation has continued hinted its absorption appear the aggrandized absoluteness scene, with Cook alike calling himself “AR fan cardinal one.”

The odd allotment of Cook’s statements is that he never already acclimated the appellation “Metaverse.”

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It seems like Apple is affective abroad from the alleged “metaverse” eyes in favor of beneath and convenient experiences.

“I’ve been told that the angle of a absolutely basic apple area users can escape is off banned from Apple,” wrote Gurman.

The metaverse is a 3D basic and aggrandized absoluteness space, created in allotment to action users socialization, gaming, and added forms of entertainment.

Major banks and analysts accept afresh accustomed the metaverse’s bazaar opportunities and potential. Goldman Sachs and Morgan Stanley appraisal that the metaverse represents an $8 abundance bazaar opportunity.

Recently, Facebook has been spearheading some of its latest innovations as the amusing networking aggregation rebranded to Meta.

Related Reading | No Point Separating the Virtual From The Real, Father Of PlayStation Criticizes Metaverse Push

Despite the uncertainties, tech enthusiasts are absolutely captivated with this news.

Meanwhile, Apple (AAPL) stocks had alone about 3% to $159.22 during approved trading hours but additionally climbed 8% to $167.23 in continued sessions afterwards the call.