After CEO Tim Cook stated during the company’s Q1 2022 earnings call that he sees significant potential in the Metaverse space, Apple’s stock price soared in after-hours trading.
The Metaverse is a user-created interoperable virtual universe that includes socialisation, games, and even live performances. Although it may be accessed through a browser, virtual reality (VR) or augmented reality (AR) provide a better experience (AR).
APPL had fallen roughly 3% to $159.22 during regular trading hours, but had since risen 8% to $167.23 in after-hours trading.
On the call, the Metaverse was just one of the subjects explored.
Following his revelation, Tim Cook stated:
“We’re always looking into new and developing technologies, and I’ve talked about how exciting it is for us right now.”
Hmm, Will you eat Apple now? Oh! I mean, Will you invest in Apple now?
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