cointelegraph.com Open in urlscan Pro
2606:4700:10::6814:2747  Public Scan

Form analysis
2 forms found in the DOM

<form class="article-subscription-widget-form">
  <div class="article-subscription-widget-form__delivery"> Delivered every Monday </div>
  <div class="article-subscription-widget-form__title">Subscribe to<br> the Markets Outlook newsletter</div>
  <div class="article-subscription-widget-form__input-wrap"><input id="input" type="text" class="article-subscription-widget-form__input"><label for="input" class="article-subscription-widget-form__input-label">Email Address</label><!----></div>
  <div class="article-subscription-widget-form__btn-wrap"><button type="submit" class="article-subscription-widget-form__btn"> Subscribe </button></div>
  <div class="article-subscription-widget-form__tos">By subscribing, you agree to our <a target="_blank" href="/terms-and-privacy">Terms of Services and Privacy Policy</a></div>
</form>

<form autocomplete="off" class="container header-mobile-search-form" data-v-80ed841c=""><button type="submit" class="btn header-mobile-search-form__btn" data-v-80ed841c=""><span class="btn__wrp" data-v-80ed841c=""><span
        class="btn header-mobile-search-form__magnifier-icon" data-v-80ed841c=""></span></span></button><label class="header-mobile-search-form__label" data-v-80ed841c=""><input placeholder="Search" type="text" name="query" autocomplete="off"
      autofocus="autofocus" value="" class="input header-mobile-search-form__input" data-v-80ed841c=""></label><button class="btn header-mobile-search-form__btn" data-v-80ed841c=""><span class="btn__wrp" data-v-80ed841c=""><span
        class="btn header-mobile-search-form__cross-icon" data-v-80ed841c=""></span></span></button></form>

Text Content

Unsere Website auf Deutsch

Möchten Sie die deutsche Version des Cointelegraph besuchen?

Nein Ja
X
 * BTC $37,936 -0.66%
 * ETH $2,618 +0.43%
 * BNB $385 -3.03%
 * SOL $96 -2.69%
 * XRP $0.62 -0.80%
 * DOGE $0.14 -1.11%

 * English
   
   Unsere Website auf Deutsch
   
   Möchten Sie die deutsche Version des Cointelegraph besuchen?
   
   Nein Ja
 * Advertise
 * Careers

 * News
    * Bitcoin
    * Ethereum
    * Altcoins
   
    * Blockchain
    * Business
    * Policy & Regulations
   
    * NFTs
    * DeFi
    * Adoption

 * Markets
    * Market News
    * Price Indexes
    * Market Analysis
   
    * Heatmap
    * Top 10 Cryptocurrencies

 * Magazine
 * People
    * Top 100 2021
    * Top 100 2020
    * Opinion
   
    * Expert Take
    * Interview

 * Cryptopedia
    * Explained
    * How to Crypto
    * Bitcoin101
   
    * Ethereum101
    * Dogecoin101
    * Altcoin101
   
    * DeFi101
    * Trading101
    * NFT101
   
    * Blockchain101
    * Funding101
    * Regulation101

 * Industry
    * DApplist
    * Events
    * Jobs
   
    * Press Releases
    * Store

 * Consulting
    * Consulting Services
    * Technology Providers
    * Industry Reports

 * Video
 * Markets Pro



Brian Newar
Jan 28, 2022


APPLE STOCK JUMPS AFTER CEO REVEALS IT'S INVESTING IN THE METAVERSE

Tim Cook said in an investors' call that Metaverse applications have a lot of
potential and that his company is investing in AR developments on its devices.

8633 Total views
97 Total shares
Listen to article
2:04

News
 * 
 * 
 * 
 * 
 * 
 * 
 * 
 * 

Apple's stock price jumped in after hours trading after CEO Tim Cook said during
the company’s Q1 2022 earnings call that he sees considerable potential in the
Metaverse space.

When asked during the call on Thursday about Apple’s opportunities within the
Metaverse, Cook responded “we see a lot of potential in this space and are
investing accordingly.”

> “We're always exploring new and emerging technologies and I've spoken at
> length about how it's very interesting to us right now.”

The Metaverse is an interoperable virtual universe created, in part, by users
that offers socialization, gaming and even live concerts. Although it can be
accessed with a browser, the experience is better with virtual reality (VR) or
augmented reality (AR).

APPL had dropped about 3% to $159.22 during regular trading hours but has since
jumped up 8% to $167.23 in after-hours trading. The Metaverse was just one of
the topics discussed on the call.

Appleinsider reported that in the Thursday call, Cook pointed out that Apple
(APPL) already has a bevy of 14,000 apps on its App Store that have been
designed using the AR developer platform ARKit. Apps designed using ARKit could
help users gain access to the Metaverse.

Whereas Meta has leaned toward using the Oculus headset to immerse users into
the Metaverse, Apple is placing its bets so far on AR technology. An Apple
headset was scheduled for release in 2022, but Bloomberg reported on Thursday
that it may be delayed due to hardware and software challenges.

Despite Cook’s embrace of the Metaverse, the headset in development is believed
to be focused on gaming, communication and content consumption. So far, the
largest company in the world by market cap is lagging behind other tech leaders
like Meta and Microsoft, both of which are moving forward with public plans to
develop in the Metaverse.

Related: Meta poaches staff from Microsoft and Apple for metaverse plans

Microsoft recently purchased Activision Blizzard for $69B with the intention of
expanding Metaverse gaming.

Delivered every Monday
Subscribe to
the Markets Outlook newsletter
Email Address
Subscribe
By subscribing, you agree to our Terms of Services and Privacy Policy


 * #Apple
 * #Business
 * #Adoption
 * #Metaverse
 * #Tim Cook


Related News
 * Building Empires: Biggest Crypto Exchanges Push for Global Presence
 * Platform launches world's first lunar sensitive NFTs
 * How can the Metaverse help the food industry?
 * Unlocking utility is key for fashion brands launching NFTs in 2022
 * Samsung launches metaverse store in Decentraland
 * Meta poaches staff from Microsoft and Apple for metaverse plans


Load more articles
Editor’s Choice
 * China pilots nationwide blockchain development over real-world use cases
 * PayPal stablecoin: What it could mean for payments
 * Meta goes Brazil to trademark Bitcoin and crypto services
 * Why is my Bitcoin transaction unconfirmed?
 * Cyber vigilante hunts down DeFi scammers running away with $25M rug pull

Cointelegraph YouTube Subscribe

Advertise with us
Robust liquidity on HitBTC

Note that all trading strategies are to be used at your own risk. Before
trading, we recommend to make sure that you have a clear understanding of
cryptocurrencies and how they are traded.

fast exchange on Changelly

This is to note that you should realize all crypto trading risks. Please make
sure that you understand how crypto exchange service works.

Exchange Crypto at True Cost

Note that all trading strategies are to be used at your own risk. Before
trading, we recommend to make sure that you have a clear understanding of
cryptocurrencies and how they are traded.



Cointelegraph.com uses Cookies to ensure the best experience for you.

Accept