Fun

Apple on Metaverse: We See a Lot of Potential and Are Investing — CEO Tim Cook Says ‘It’s Very Interesting to Us’

News Feed - 2022-01-31 03:01:56

Apple on Metaverse: We See a Lot of Potential and Are Investing — CEO Tim Cook Says "It"s Very Interesting to Us"


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 market?”


“We’re a company in the business of innovation,” the Apple CEO replied. “So we’re always exploring new and emerging technologies. And I’ve spoken at length about how this area is very interesting to us.”


Cook elaborated, “Right now, we have over 14,000 ARKit apps in the App Store, which provide incredible AR [augmented reality] experiences for millions of people today,” emphasizing: We see a lot of potential in this space and are investing accordingly.


Several people have estimated the potential size of the metaverse to be multitrillion dollars. Global investment banks Goldman Sachs and Morgan Stanley have estimated the metaverse to be an $8 trillion market opportunity.


In December, Bank of America’s strategist, Haim Israel, said that the metaverse is a massive opportunity where cryptocurrencies will be widely used as currencies. “I definitely believe this is a massive, massive opportunity,” he opined. Tags in this story Apple, apple ceo metaverse, apple ceo tim cook metaverse, apple inc. apple ceo tim cook, apple invests in metaverse, apple metaverse, Metaverse, Tim Cook


Do you think the metaverse has a lot of potential? Let us know in the comments section below. Kevin Helms


A student of Austrian Economics, Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin security, open-source systems, network effects and the intersection between economics and cryptography. Samsung Provides a Glimpse Into the South Korean Metaverse and NFT Craze METAVERSE | 5 days ago Goldman Sachs Sees the Metaverse as $8 Trillion Opportunity METAVERSE | 6 days ago


Image Credits: Shutterstock, Pixabay, Wiki Commons Previous articleADALend: Major Developments on the Horizon Next articleStudy: US Financial Advisors Expect Proportion of Crypto Holding Clients to Increase by 60% Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article. Read disclaimerShow comments More Popular NewsIn Case You Missed ItMad Money"s Jim Cramer Warns About Dogecoin — Says DOGE Is a Security, SEC Will Regulate


The host of Mad Money, Jim Cramer, has warned about dogecoin (DOGE). He said that the meme cryptocurrency is a security and will be regulated. He also questioned the supply of dogecoin. Jim Cramer"s Dogecoin Warning Jim Cramer, the host ... read more.Bank of Russia Proposes Wide Ban on Cryptocurrency Use, Trade, Mining Bank of Russia to Monitor Banks’ Dealings With Crypto Exchangers NYC Mayor Eric Adams Converts First Paycheck to Bitcoin and Ether via Coinbase Bitcoin Price Slips Below $36K, BTC Dominance Increases, Billions Leave Crypto Economy

News Feed

Only Congress and DARPA can rein in the dangers of AI
Dean Ball6 hours agoOnly Congress and DARPA can rein in the dangers of AIAI is stretching the boundaries of existing internet protocols. A working group between DARPA, NIST and other federal agencies could help.233 Total
Pundit Says XRP Price Will Stabilize At $1,000 And Become ‘Very Expensive’
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
The $700 Million Wallet Crack: Bitcoin’s 7th Largest Address Is Under Constant Attack
The $700 Million Wallet Crack: Bitcoin"s 7th Largest Address Is Under Constant AttackDuring the last two years, hackers have been trying to crack the seventh-largest bitcoin wallet,
China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures
China Targets Crypto Mining at State-Owned Enterprises, Threatens Punitive Measures Authorities in China are continuing to crack down on activities linked to cryptocurrencies which
Top Gambling Firm IGT Obtains US Patent for a System to Enable Customers to Fund Their Bets via Crypto
Top Gambling Firm IGT Obtains US Patent for a System to Enable Customers to Fund Their Bets via Crypto A gambling tech giant received the green light from the U.
Nifty News: Yuga cuts non-royalty markets, South Korea to discuss NFTs with Gary Gensler
Ezra Reguerra14 hours agoNifty News: Yuga cuts non-royalty markets, South Korea to discuss NFTs with Gary GenslerYuga Labs takes down some of its NFT collections from marketplaces that do not support creator royalties.13
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments
Nepal Prepares to Issue Digital Currency, Drafts Necessary Amendments A task force in Nepal has proposed legal changes allowing the country’s central bank to issue its own d
Ray Salmond2 hours ago3 reasons why Bitcoin miners are selling BTC — and why it’s not capitulationCrypto market analysts tend to interpret Bitcoin miners selling their rewards as bearish, but miners countered this lo
Prashant Jha11 hours agoCME becomes second-largest Bitcoin futures exchange as open interest surgesThe surge in CME Bitcoin futures open interest has helped the regulated derivatives platform attain a 25% market share in
Bitcoin Holder Profits Now 121%: How Much Higher Can BTC Go?
Este artículo también está disponible en español. On-chain data shows the Bitcoin investors are now carrying 121% profits on average. Here’s whether this has been e
Aurus Disrupts the Gold Industry – Today Its Ecosystem Lists at a Value of $75m
Aurus Disrupts the Gold Industry – Today Its Ecosystem Lists at a Value of $75mWith the US dollar facing headwinds, notably the coronavirus pandemic and an upcoming presidential e
$31M Neiro project on Ethereum ‘is a honeypot’ — Wazz
Tristan Greene4 hours ago$31M Neiro project on Ethereum ‘is a honeypot’ — WazzIt’s unclear at this time whether illicit activity has taken place, but a series of red flags has brought the token under scrutiny.171