{"id":150955,"date":"2022-01-28T21:53:03","date_gmt":"2022-01-28T21:53:03","guid":{"rendered":"https:\/\/precoinnews.com\/?p=150955"},"modified":"2022-01-28T21:53:03","modified_gmt":"2022-01-28T21:53:03","slug":"apple-ceo-tim-cook-confirms-the-company-sees-potential-in-the-metaverse-space","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/blockchain\/apple-ceo-tim-cook-confirms-the-company-sees-potential-in-the-metaverse-space\/","title":{"rendered":"Apple CEO Tim Cook Confirms the Company Sees Potential in the Metaverse Space"},"content":{"rendered":"

Apple CEO Tim Cook in a recent investors call said that Metaverse applications have a lot of potential and that the company is actively investing in augmented-reality developments on its products.<\/strong><\/p>\n

<\/span>Apple Investing in the Metaverse
\n<\/strong><\/span><\/h2>\n

Shortly following Cook\u2019s comments during the firm\u2019s Q1 2022 earnings call, the price of Apple stock jumped in after-hours trading.<\/p>\n

Cook added that he sees considerable potential in the Metaverse. Specifically, Cook was replying to a question about Apple\u2019s opportunities within the Metaverse.<\/p>\n

He said:<\/p>\n

\n

\u201cWe see a lot of potential in this space and are investing accordingly.\u201d<\/strong><\/p>\n<\/blockquote>\n

Adding:<\/p>\n

\n

\u201cWe\u2019re always exploring new and emerging technologies and I\u2019ve spoken at length about how it\u2019s very interesting to us right now.\u201d<\/strong><\/p>\n<\/blockquote>\n

For the uninitiated, the Metaverse is essentially a virtual universe that enables users to socialize in a digital way. Some of the leading Metaverses today belong to projects such as Decentraland (MANA) and The Sandbox (SAND), among others.<\/p>\n

While users can access the Metaverse through web browsers, it is best experienced with virtual reality (VR) and augmented reality (AR) devices.<\/p>\n

At the time of writing, APPL\u2019s price sits at $159.22 during regular trading hours. However, data from after hours trading indicates the price of the stock to be $167.23. Whether the Metaverse news is the sole reason for APPL\u2019s stock price rise remains to be seen.<\/p>\n

<\/span>Companies Betting Big on the Metaverse<\/strong><\/span><\/h2>\n

While the idea of living in a virtual might sound a little outlandish to many, it is not beyond the realms of possibility seeing the rapid growth of social media platforms over the past decade.<\/p>\n

To date, several high-profile tech firms have already expressed their desire to be involved in the Metaverse economy.<\/p>\n

Most famously, social media juggernaut Facebook rebranded to Meta to indicate the company\u2019s new vision which focuses on creating an immersive Metaverse for all its users.<\/p>\n

Similarly, several sports brands have also shared plans of building in the Metaverse.<\/p>\n

For instance, on January 22, BTCManager<\/em> reported that Adidas had partnered with Prada to auction an NFT to foster the Metaverse ecosystem.<\/p>\n

At press time, the total market cap of Metaverse tokens stands at $16.3 billion, according to data from CoinGecko.<\/p>\n

<\/span>Related posts:<\/span><\/h3>\n

Source: Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Apple CEO Tim Cook in a recent<\/p>\n","protected":false},"author":3,"featured_media":150954,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[51],"tags":[],"yoast_head":"\nApple CEO Tim Cook Confirms the Company Sees Potential in the Metaverse Space - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/blockchain\/apple-ceo-tim-cook-confirms-the-company-sees-potential-in-the-metaverse-space\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apple CEO Tim Cook Confirms the Company Sees Potential in the Metaverse Space - Pre Coin News\" \/>\n<meta property=\"og:description\" content=\"Apple CEO Tim Cook in a recent\" \/>\n<meta property=\"og:url\" content=\"https:\/\/precoinnews.com\/blockchain\/apple-ceo-tim-cook-confirms-the-company-sees-potential-in-the-metaverse-space\/\" \/>\n<meta property=\"og:site_name\" content=\"Pre Coin News\" \/>\n<meta property=\"article:published_time\" content=\"2022-01-28T21:53:03+00:00\" \/>\n<meta name=\"author\" content=\"mediabest\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/precoinnews.com\/wp-content\/uploads\/2022\/01\/Apple-CEO-Tim-Cook-Confirms-the-Company-Sees-Potential-in-the-Metaverse-Space-.jpg\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"mediabest\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/precoinnews.com\/blockchain\/apple-ceo-tim-cook-confirms-the-company-sees-potential-in-the-metaverse-space\/\",\"url\":\"https:\/\/precoinnews.com\/blockchain\/apple-ceo-tim-cook-confirms-the-company-sees-potential-in-the-metaverse-space\/\",\"name\":\"Apple CEO Tim Cook Confirms the Company Sees Potential in the Metaverse Space - 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