Apple CEO Tim Prepare dinner says the metaverse has plenty of potential and his firm is investing accordingly. “It’s very fascinating to us,” he famous. International investments banks Morgan Stanley and Goldman Sachs have predicted that the metaverse may very well be an $8 trillion alternative.
Apple Sees a Lot of Potential within the Metaverse, Says CEO Tim Prepare dinner
Apple Inc. answered a query in regards to the metaverse throughout its Q1 2022 earnings name final week. CEO Tim Prepare dinner was requested, “How are you fascinated about the metaverse alternative and Apple’s position in that market?”
“We’re an organization within the enterprise of innovation,” the Apple CEO replied. “So we’re at all times exploring new and rising applied sciences. And I’ve spoken at size about how this space could be very fascinating to us.”
Prepare dinner elaborated, “Proper now, we now have over 14,000 ARKit apps within the App Retailer, which give unbelievable AR [augmented reality] experiences for hundreds of thousands of individuals as we speak,” emphasizing:
We see plenty of potential on this area and are investing accordingly.
A number of folks have estimated the potential measurement of the metaverse to be multitrillion {dollars}. International funding banks Goldman Sachs and Morgan Stanley have estimated the metaverse to be an $8 trillion market alternative.
In December, Financial institution of America’s strategist, Haim Israel, stated that the metaverse is a large alternative the place cryptocurrencies can be extensively used as currencies. “I undoubtedly imagine it is a huge, huge alternative,” he opined.
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