Why Apple Is the Best Metaverse Stock?

The metaverse is a difficult concept to define at this stage of development. It could be seen as further advancement of the internet, with more video calls that include 3D avatars and more immersive experiences. It could be an entirely new, Ready Player One-style virtual universe that we enter and block out the outside world. Or, it could be something in between.

I was asked to review the Meta Platforms (FB 1.82%) topic, and I did. Meta Platforms (FB 1.82%) is going to miss the mark, but that doesn’t mean that the plans they have are bad. I think they’re almost certainly going to miss the mark, but that doesn’t mean the plans they have are bad. I don’t endorse anything Meta Platforms (FB 1.82%) is doing, but I don’t say that the plans they have are bad. Those three things are all mutually exclusive.

Apple is likely to play a significant role in the development of the metaverse, given its experience with creating avatars and 3D visualizations.

While the specifics of the metaverse are still being debated, it’s clear that Apple will be one of the key players in shaping its future. There is no doubt that users will need high-powered electronic devices to access the metaverse.

Apple is the obvious choice for smartphones, and if they turn out to be the key to accessing the metaverse directly or through some kind of glasses, it will be a boon for Apple. Apple’s recent announcements regarding its chips should not ignore. The Mac Studio equipped with the M1 Ultra chip can now compete with the Nvidia RTX 3090 graphics card, which is the standard for video games.

If Apple continues to improve chip performance at the same rates computers will become some of the best for 3D graphics. Given the company’s ease of use, this could make the metaverse accessible to a much broader range of people. Apple’s current product lineup is likely to include the devices that millions of people use to access the metaverse.

Building in plain sight

As the metaverse continues to develop, there will be more and more opportunities for companies to succeed in this market — much like how Apple has done. Since 2017, when Apple introduced ARKit for its iPads and smartphones, the company has been adding hardware to make augmented reality more powerful.

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Apple stock is down from its recent highs, providing investors with an opportunity to buy shares at a lower price than before. Historically, Apple stock has a good buy after pullbacks, so the recent decline could see as a chance to get in on the company at a discount.

The metaverse is a digital world created by the combination of virtual reality (VR), augmented reality (AR), and the internet. It is based on a transition to new “immersive hardware interface platforms,” Goldman Sachs (GS) wrote in a research report.

Does Apple have metaverse?

As of now, Apple does not have a Metaverse.

If the company kept up 10% annual earnings per share growth, it would be a pretty fast-growing enterprise, considering its already large size. In that scenario, earnings could climb from $6.15 in 2022 to around $15.90 in 2032.

Apple’s stock has fallen during a bad week for equity markets. Stocks in nearly every industry are being sold off on fears of Fed rate hikes, weakening consumer confidence, rising inflation, and global supply chain challenges.

AAPL is poise to beat the market this year, even though it’s already up 74%. Thanks to strong iPad and Mac sales driven by the COVID-19 pandemic, the company is looking at long-term growth in areas like wearables and services.

Mixed reality devices are becoming more and more popular, and Apple is planning to release one next year with a high price tag of $1000. Will Apple stock ever reach this amount? Prolific analyst Kuo predicts that the company plans to release a second-generation headset in 2024, to sell 10 million units.

The future looks bright for Apple stock, with 37 analysts offering 12-month price forecasts with a median target of 191.00. This represents a +21.98% increase from the last price of 156.58. Estimates range from a low of 145.00 to a high of 219.94, so there is plenty of growth potential.

The company’s average rating score is 2.78, with 23 buy ratings, 8 hold ratings, and no sell ratings.

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