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Apple Stock Value Rises as CEO Reinstates Metaverse Dream

American multinational tech company Apple has seen its stock rise by as much as 5% following news of its $34.63 million quarterly earnings and Tim Cook’s statement about the firm’s commitment towards the metaverse.

Apart from the improved quarterly earnings, Apple also secured an 11.2% increase in sales to rake in a total of $124 million. Apple’s CEO Tim Cook acknowledged the prospect of investing in the space.

“Metaverse opportunity and Apple’s role in that market,” Cook said at a summit with investors, “We see a lot of potential in this space and are investing accordingly.”

Newsbsc Apple Metaverse

According to Tim Cook, the number of Augmented Reality (AR)  Kit programs in Apple’s app store could significantly increase as more investors embrace life in the metaverse. There are over 14,000 AR Kit apps on the App Store at the time of writing this article.

Apple’s entrance into the metaverse triggered a positive response from investors as the company’s share prices surged by 4% in the early hours of Thursday. Tim Cook himself revealed late last year that he owns some crypto assets.

About Godwin

Godwin is a multi-faceted writer. He covers the latest and most significant news in the crypto industry for Newsbsc. Aside from his work here, he writes exceptional SEO optimized web contents for other websites in different sectors.

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