Apple CEO Tim Cook on the metaverse: “We see a lot of potential in this space and are investing accordingly.” crypto cryptocurrency
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 Inc. answered a question about the metaverse during its Q1 2022 earnings call last week.
“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:Several people have estimated the potential size of the metaverse to be multitrillion dollars.
opportunity where cryptocurrencies will be widely used as currencies. “I definitely believe this is a massive, massive opportunity,” he opined.
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