Apple CEO revealed plans to invest in Metaverse –

You can’t be wrong Metaverse is the new “big” thing in global finance and industry. Virtual world technology has become a hot trend for multinational corporations and well-known industrialists. The Metaverse craze has recently been witnessed by the share price of Apple, the world’s leading software company, climbing the leaderboard after CEO Tim Cook praised the technology and shared news about its investments in the cluster.

Shares reportedly plunged 3% to $159.22 during regular trading hours. In after-hours trading, however, the form was in the company’s favor, with APPL shares up 8% at $167.23.spearheaded statement During Apple’s Q1 2022 earnings call on January 27, 2022. When asked about the company’s Metaverse exploration plans, Cook said the team sees great potential in virtual world technology and is therefore actively investing in the ecosystem. He added that Apple has always been interested in exploring new and innovative technologies such as the Metaverse. Metaverse was one of the highlights of the call with Apple’s CEO, but its impact was considerable.

For the uninitiated, Metaverse is nothing more than a virtual space that is open, interoperable, and highly interactive to those who use it. The universe of the Metaverse is partially designed by the user to provide a rich experience. These clusters allow users to interact in real-time in real-time. The Metaverse is a great resource for social, gaming, and other live events like concerts, auctions, and more. The space can be easily accessed through a browser, however, using virtual reality and augmented reality solutions is the most preferred option.

During the conference call, Tim Cook highlighted that Apple offers a cluster of 14,000 apps on its App Store, created using AR developer solution ARKit. These apps help users connect to Metaverse easily. Meta, one of Apple’s strongest competitors in the Metaverse segment, uses the Oculus headset to push users into the Metaverse world. In stark contrast, Apple relies on the use of AR technology to achieve its goals. The team originally planned to launch a headset in 2022, but changed the release date due to the hardware and software complexity of the product. The Apple headset will focus on communications, gaming and content consumption. The company is taking all necessary steps to keep pace with rival companies such as Meta and Microsoft, which have successfully led this path with development programs related to the Metaverse space.