Get 40% Off
🚨 Volatile Markets? Find Hidden Gems for Serious OutperformanceFind Stocks Now

Tim Cook of Apple Claims Metaverses Have “Potential”

Published 01/28/2022, 11:00 AM
Updated 01/28/2022, 11:30 AM
Tim Cook of Apple Claims Metaverses Have “Potential”

Since fall 2021, many big companies have commented on the rising popularity of metaverses. Steam banned any games featuring blockchain from its digital store, while the Epic Store welcomed them with open arms. Meta announced its active course on the development of the technology. Gaming companies such as Square Enix, Ubisoft, and Electronic Arts (NASDAQ:EA) have expressed their favour for metaverses as well. For their part, Apple (NASDAQ:AAPL) had remained neutral on the topic – that was, until now.

During the company’s Q1 2022 earnings call, Tim Cook, the current CEO of Apple, commented:

“Well, that's a big question [the Metaverse opportunity and Apple's role in that market], but we're a company in the businesses innovation so we're always exploring new and emerging technologies, and I've spoken at length about how it's very interesting to us right now. We have over 14,000 AR Kit apps in the App Store which provide incredible AR experiences for millions of people today. So we see a lot of potential in this space and are investing accordingly.”

See what other big companies had to say on metaverses and blockchain here:

Sega Registers NFT Trademark: Ambiguity or Hypocrisy?

Konami Releases Castlevania NFT Memorabilia to Celebrate Its 35th Anniversary

Square Enix’s President Declares Decentralized Gaming Is the Future

Ubisoft Continues to Stand Its Ground Regarding NFTs

EMAIL NEWSLETTER

Join to get the flipside of crypto

Upgrade your inbox and get our DailyCoin editors’ picks 1x a week delivered straight to your inbox.

3rd party Ad. Not an offer or recommendation by Investing.com. See disclosure here or remove ads .

[contact-form-7] You can always unsubscribe with just 1 click.

Continue reading on DailyCoin

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.