Apple’s share price rose after CEO Tim Cook said during the company’s Q1 2022 earnings report that he saw huge potential in the Metaverse space.
whenwas askedOn Jan. 27, during a report on Apple’s opportunities within the Metaverse, Tim Cook replied, “We see a lot of potential in this space and are investing.”
“We are always exploring new technologies and emerging technologies. And I’ve said for a long time that it’s very interesting for us right now.
Price of APPL reduceApproximately 3% to $159.22 during normal trading hours But after that, it rose 8% to $167.23 in after-hours trading, with Metaverse being just one of the topics discussed this time.
Cook also points out that Apple has 14,000 apps in the App Store designed using the AR ARKit platform, which can help users access the Metaverse.
While Meta turned to the Oculus headset to attract users to the Metaverse, Apple is betting on AR technology. Bloomberg It was reported on January 14th that there may be a delay due to hardware and software issues.
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