📺 Stream EntrepreneurTV for Free 📺

What is Apple's Approach for the Metaverse? Apple is yet to confirm the rumours of it launching a long-rumoured VR or virtual reality glass at its annual Worlwide Developers Conference in June

By Saptak Bardhan

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur India, an international franchise of Entrepreneur Media.

Wikimedia Commons

Metaverse has been a hot topic for a while now. While the ecosystem continues to gather pace, Apple's competition has continued to grow in the sector. The likes of Meta, Google and Sony have already capitalised on the tailwinds of the ecosystem.

Apple is yet to confirm the rumours of it launching a long-rumoured VR or virtual reality glass at its annual Worldwide Developers Conference in June. Tim Cook, CEO, Apple in an interview with GQ said, "I'm not interested in putting together pieces of somebody else's stuff." He indicated that there were serious critics of the iPhone and Apple watch.

Cook added to the rumour as he said 'AR' is exciting. He added that Apple had a history of going its way with innovations, regardless of doubters and critics.

He did not reveal any plans for the long-rumoured eyewear. However, focussing broadly on the promise of AR and VR, he defended the time it would take to release a product in the market.

Apple's approach has been steady which cannot be said for its counterparts like Meta. Meta's journey in the sector has been tumultuous even though it is a leader in the market. Meta came into existence after the buzz started getting real around the Metaverse. However, post 18 months of renaming the company, the tech giant has witnessed major backlash from people for laying off tens of thousands of people to keep its metaverse dream alive.

Google has also witnessed a similar trajectory as the Google Glass project was seen mothballed recently. The Google Glass project was a decade-long effort by the search engine giant which failed to live up to the hype.

"Apple is going to try and put a spin on it, and lead others to water. We all know once Apple gets into something, others follow," said Carolina Milanesi, creative strategies analyst, Apple.

The metaverse hardware market remains uncharted territory for Apple as the tech giant is yet to make a move in the space.

Saptak Bardhan

Former Trainee Writer

Former Trainee Writer
Thought Leaders

How to Negotiate the Price of a Pricey Premium Domain

Buying a domain at the asking price? That's like buying a used car at the asking price. Doing your homework pays off.

Business News

'My Mouth Dropped': Woman Goes Viral For Sharing Hilarious Cake Decorating Mishap at Walmart

Peyton Chimack has received over 703,000 views on her TikTok post of her birthday cake.

Business News

Jeff Bezos and Amazon Execs Used An Encrypted Messaging App to Talk About 'Sensitive Business Matters,' FTC Alleges

The FTC's filing claims Bezos and other execs used a disappearing message feature even after Amazon knew it was being investigated.

Business News

Ring Camera Owners Will Receive $5.6 Million in Payments After FTC-Amazon Settlement. Here's How Many Customers Are Eligible — And How They'll Get the Cash.

The payouts are a result of a June 2023 settlement with Amazon over privacy violation allegations against the camera company.

Money & Finance

How to Keep Your Startup's Cash Flow Safe from Invoice Scams

Stay ahead of invoice fraud and safeguard your cash flow with proactive steps for new small business owners. Learn to spot warning signs and take action to protect your business's financial health.

Business News

Elon Musk Reveals His Tactics for Building Successful Companies, Including Sleeping Under His Desk and 'Working Every Waking Hour'

Musk shared the secrets on a podcast with Nicolai Tangen, CEO of the $1.6 trillion Norges Bank.