Share Prices Rise After Apple CEO’s ‘Metaverse’ Announcement

Apple stock soared after Tim Cook, CEO of Apple, the world’s largest company in terms of market capitalization, said at the first-quarter 2022 conference that he saw significant potential in the metaverse sector.

Stating that they see a lot of potential in Metaverse and that they are investing in this direction, Cook said in his speech on January 27:

We always follow new and developing technologies.

said.

The stock, which is listed on the Nasdaq stock exchange with the abbreviation APPL, is approximately within the normal trading hours. down 3% It fell to $159.22. However, after Apple CEO Tim Cook made a statement about the metaverse, he almost 8% increasing for $167.23 reached.

Apple’s app store in the App Store more than 14,000 more augmented reality has an app. It is thought that they are planning to increase this number with this statement.

According to Reuters, Apple in 2022 a new AR glasses plans to introduce

Known to always keep products private before an official announcement or promotion takes place, it is considered unlikely that Apple will partner with any decentralized metaverse projects or cryptocurrencies currently in existence.

source site-10