4 October 2022 | Other

Apple CEO gives AR priority over metaverse

According to a statement made by Apple Inc. Chief Executive Officer Tim Cook during a recent interview, the future belongs to augmented reality, or AR, while a technology called “metaverse” is of lesser significance, in his opinion.

As it was stated in a conversation reported by the Dutch tech media resource Bright, Tim Cook expects the AR technology to become as common and widely spread as most of modern gadgets and the Internet. The AR technology allows adding virtual images and objects to the real world through laying them over the reality via a smartphone or smart glasses.

Cook perceives AR as a “profound technology”, which will have an impact on all possible spheres, in the long run. Tim Cook suggested that one day, it would be difficult to imagine our everyday life without AR technology.

Nevertheless, his enthusiasm and bullish attitude don’t extend to the concept of virtual reality, which is alternatively called a metaverse.

In the interview, Cook noted that it’s unlikely that an average ordinary person can clearly explain what a metaverse represents, while it’s actually crucially important for people to understand what kind of thing it is. In relation to this fact, Cook emphasized that the Apple company mainly tries to avoid using such a term.

Cook also shared his opinion on virtual reality technology, or VR. He called it immersive, though limiting, as it’s not supposed to be utilized for communicating well. As Cook noted, there’s hardly anyone who would want to live their whole life like this.

Allegedly, Apple is currently developing at least two new products based on mixed reality technologies. One of said products is an AR/VR standalone headset, while another is AR glasses designed for daily wear. The headset is rumored to be presented by the end of the current year, or next year, while the glasses require several more years of development before being launched.

Company MarketCheese
Period: 31.05.2026 Expectation: 4500 pips
Selling EURUSD from resistance
Yesterday at 11:21 AM 24
Period: 27.03.2026 Expectation: 900 pips
USDCAD resistance looms as overheating sets in
Yesterday at 11:04 AM 24
Period: 27.03.2026 Expectation: 1050 pips
AUDCAD thrives on monetary divergence
Yesterday at 10:06 AM 14
Period: 31.03.2026 Expectation: 800 pips
Buying Brent crude with $115 in view
Yesterday at 09:35 AM 29
Gold sell
Period: 31.03.2026 Expectation: 600 pips
Selling gold upon breaking $4,560
Yesterday at 08:46 AM 25
Period: 30.04.2026 Expectation: 2000 pips
SPX selloff to follow once it consolidates below $6,600
Yesterday at 08:46 AM 14
Go to forecasts