What is Apple Metaverse, It makes sense that Apple is working on Metaverse, but is it true? In the recent past, there`s a number of rumors have come out regarding Apple and its plans for the future. It’s now being said that the tech giant is working on Apple.
This is certainly interesting because the Apple Metaverse is one of the trending concepts right now and already big companies like Meta, Microsoft, and NVIDIA are working on their own versions. So, it’s only logical that it would be looking into this as well.
In this article, we are going to discuss whether or not Apple has a Metaverse and is Apple working on it.
What Is Apple Metaverse?
So, now we know that Apple is planning to work on the Metaverse. But, what exactly is Apple Metaverse? What would it be like?
To be clear, as of now, Apple doesn’t have a Metaverse.
We are sure that you must have heard of the term Metaverse before. If you haven’t, then here is a brief definition.
“The Metaverse is a massive, interconnected network of virtual spaces, that uses Virtual Reality, or Augmented Reality as we know it now, to immerse users in an alternate world.”
While Meta’s Metaverse utilizes virtual reality, Apple’s Metaverse will use Augmented Reality. In fact, it is reportedly planning to launch its first AR/VR headset product this year for that purpose, probably.
Currently, there are 14,000 ARKit apps on the App Store. Some of them are extremely popular and are being used by millions of people all over the world. According to Tim Cook, the company is planning to invest more in that space.
So, it’s pretty clear that its main focus is on Augmented Reality and expanding its AR/VR ecosystem. Besides that, the company is focusing on gaming, communication, and content consumption as well.
Is Apple Developing Metaverse?
Apple has been one of the most secretive companies in the tech industry. With this being said, a lot of things that are being said are actually just speculation.
However, its planning to work on the Metaverse is no longer a speculation. It has now been confirmed by Apple CEO Tim Cook himself.
Cook told investors that “we see a lot of potential in this space (Metaverse) and are investing accordingly,” during the company’s earnings call for the first quarter of 2022.
He also mentioned that company is always exploring new and emerging technologies and Metaverse is an area that is very interesting to the folks at Apple.
To conclude, Apple is planning to work on Metaverse and is probably doing the necessary research to make it happen.
Apple’s Headsets Have the Potential to Dominate the AR/VR Market
Ming-Chi Kuo, a noted analyst covering Apple for financial services provider TF International Securities, says (via 9to5Mac) that the iPhone maker could launch its first-generation AR/VR headset next year.
According to Kuo, Apple’s headset is likely to integrate both AR and VR functions into a single device. He adds that the first-generation headsets are likely to be powered by a high-end chip and could come equipped with high-resolution displays.
The analyst estimates that Apple could ship 2.5 million to 3.5 million of these headsets in 2023. However, things could get better the following year, as the tech titan is expected to launch a second-generation headset in the second half of 2024.
The updated headset is expected to be powered by a faster processor while being lighter and carrying more battery life. Apple is expected to ship 10 million units of the second-generation headset after its launch, which means that it could capture a fifth of the overall.
AR/VR headset market by 2025, based on IDC’s total shipment estimates of 50 million units. What’s more, Apple’s headsets are expected to have a starting price of $1,000, according to Kuo, so this new product line could generate billions of dollars in revenue in the next four years.
More importantly, the AR/VR market could consistently drive strong growth at Apple in the long run, as this space is expected to clock a 43% annual growth rate through 2030, according to a third-party report.
It isn’t surprising to hear that Apple is interested in this market: It could open a new growth avenue for the company and complement Apple’s other catalysts. All this makes Apple a top tech stock to buy to take advantage of the emerging metaverse opportunity.
Should You Make a $1,000 Investment in Apple Inc? Right Now?
Before you consider Apple Inc., you’ll want to hear this.
For most investors, how much a stock’s price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.
FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks. What if you’d invested in Apple (AAPL) ten years ago? It may not have been easy to hold on to AAPL for all that time, but if you did, how much would your investment be worth today?
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Apple primarily reports revenues on a geographic basis, namely the Americas (North & South America), Europe (European countries, India, Middle East, and Africa), Greater China (China, Hong Kong & Taiwan), Japan, and the Rest of Asia Pacific (Australia & other Asian Countries).
In fiscal 2021, Americas, Europe, Greater China, Japan, and the Rest of Asia-Pacific accounted for 41.9%, 24.4%, 18.7%, 7.8%, and 7.2% of total revenues, respectively.
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