Berliner Boersenzeitung - Apple lays down the gauntlet to the metaverse

EUR -
AED 4.109134
AFN 72.728281
ALL 91.068859
AMD 404.188339
ANG 2.002579
AOA 1027.144156
ARS 1729.248535
AUD 1.622267
AWG 2.014008
AZN 1.912528
BAM 1.962541
BBD 2.256963
BDT 139.639646
BGN 1.955636
BHD 0.42335
BIF 3352.798341
BMD 1.118893
BND 1.435939
BOB 13.448193
BRL 6.164092
BSD 1.120608
BTN 105.233465
BWP 15.436573
BYN 3.355807
BYR 21930.308026
BZD 2.253754
CAD 1.575964
CDF 2595.832638
CHF 0.915614
CLF 0.027765
CLP 1092.755792
CNY 7.470292
CNH 7.464898
COP 3624.934461
CRC 508.200341
CUC 1.118893
CUP 26.89452
CVE 110.645053
CZK 24.34225
DJF 199.549121
DKK 7.475085
DOP 68.091023
DZD 152.371974
EGP 60.59389
ERN 16.783399
ETB 183.918275
FJD 2.53496
FKP 0.837816
GBP 0.834308
GEL 2.903532
GGP 0.837816
GHS 13.099997
GIP 0.837816
GMD 83.360443
GNF 9925.302097
GTQ 8.567428
GYD 235.037326
HKD 8.774098
HNL 30.117916
HRK 7.5738
HTG 146.842519
HUF 362.970109
IDR 20210.289352
ILS 3.555675
IMP 0.837816
INR 105.063575
IQD 1699.638057
IRR 2116222.136659
ISK 136.807259
JEP 0.837816
JMD 177.849031
JOD 0.793295
JPY 176.818359
KES 145.344762
KGS 97.844756
KHR 4565.478491
KMF 494.551073
KPW 1007.003897
KRW 1511.428985
KWD 0.347875
KYD 0.933978
KZT 502.294127
LAK 25210.540792
LBP 100348.254387
LKR 372.651831
LRD 190.59467
LSL 18.532011
LTL 3.303801
LVL 0.676807
LYD 7.171171
MAD 10.959244
MDL 20.030134
MGA 5092.033018
MKD 61.61355
MMK 2349.067623
MNT 4029.320399
MOP 9.050287
MRU 45.241565
MUR 52.676978
MVR 17.226835
MWK 1943.136649
MXN 20.801703
MYR 4.54215
MZN 71.498438
NAD 18.532427
NGN 1509.297401
NIO 41.241756
NOK 10.50836
NPR 168.291842
NZD 1.997004
OMR 0.430223
PAB 1.121251
PEN 3.862166
PGK 5.107192
PHP 70.84272
PKR 309.925281
PLN 4.386677
PYG 7004.679653
QAR 4.098277
RON 5.341147
RSD 117.61829
RUB 91.830664
RWF 1654.020058
SAR 4.207616
SBD 9.005505
SCR 15.499192
SDG 673.014658
SEK 11.009395
SGD 1.432256
SHP 0.837965
SLE 25.678699
SLL 23462.637275
SOS 640.404952
SRD 42.051926
STD 23158.831582
STN 24.573095
SVC 9.809695
SYP 14547.8499
SZL 18.525693
THB 37.515398
TJS 10.342425
TMT 3.916126
TND 3.354823
TOP 2.694026
TRY 56.14781
TTD 7.59947
TWD 36.716461
TZS 2959.162776
UAH 50.765874
UGX 4585.751516
USD 1.118893
UYU 45.10493
UZS 13377.951689
VES 1002.882387
VND 28529.540512
VUV 133.441527
WST 3.119277
XAF 655.957
XAG 0.02128
XAU 0.000273109292
XCD 3.023864
XCG 2.02054
XDR 0.791116
XOF 655.957
XPF 119.331742
YER 264.75817
ZAR 18.435484
ZMK 10071.378954
ZMW 22.770224
ZWL 360.283175
SSP 6428.301763
MXV 2.33848
  • CMSD

    -0.1200

    19.81

    -0.61%

  • JRI

    0.0000

    10.77

    0%

  • BCC

    -1.8200

    74.15

    -2.45%

  • CMSC

    -0.2228

    19.53

    -1.14%

  • BCE

    0.2000

    20.34

    +0.98%

  • RIO

    0.0100

    94.17

    +0.01%

  • AZN

    -2.7400

    161.47

    -1.7%

  • GSK

    -1.1800

    48.17

    -2.45%

  • RBGPF

    0.0000

    65

    0%

  • NGG

    0.8800

    75.82

    +1.16%

  • RYCEF

    -0.7300

    19.08

    -3.83%

  • BTI

    -0.4500

    54.4

    -0.83%

  • BP

    0.4700

    43.99

    +1.07%

  • RELX

    -0.0600

    33.18

    -0.18%

  • VOD

    -0.1800

    16.15

    -1.11%

Apple lays down the gauntlet to the metaverse
Apple lays down the gauntlet to the metaverse / Photo: JUSTIN SULLIVAN - GETTY IMAGES NORTH AMERICA/AFP

Apple lays down the gauntlet to the metaverse

Tech giant Apple has unveiled its first major product in more than seven years, a mixed-reality headset that might just deliver a terminal blow to the "metaverse".

Text size:

Silicon Valley rival Meta was so confident of it could create the metaverse -- an idea of a 3D immersive internet -- that it changed its name from Facebook in 2021 and began funnelling billions into the project.

But the idea has been hampered by fluffed launches, dodgy graphics, no clear path to profitability and a general feeling that few people know what it is.

Meta's Reality Labs, the division helming its metaverse effort, has lost $4 billion so far and company chief Mark Zuckerberg has been increasingly talking up artificial intelligence rather than the metaverse.

During his presentation on Monday, Apple boss Tim Cook introduced the Vision Pro, a sleek headset resembling ski goggles.

It will allow the user to communicate, work, watch movies, listen to music -- and even choose whether to be immersed or to keep an eye on the outside world.

Cook pointedly did not mention the metaverse once during the hour-long launch, with Apple promising instead the dawn of an era of "spatial computing".

"Tim Cook has gone on record as saying that he doesn't like using the word, he doesn't think it has any real meaning," said James Whatley, chief strategy officer at Diva, a marketing agency.

"The faster Meta can move away from that word, the better position they will be in combating Apple's encroachment into the space."

- 'A believable vision' -

Meta can argue that its product still has advantages over Apple's newcomer.

The first and most obvious is the price -- Apple's Vision Pro weighs in at a whopping $3,499, more than double the price of Meta's top-of-the-range Quest Pro headset.

Tom Ffiske, who runs specialist newsletter the Immersive Wire, pointed out that Apple was clearly pushing a different strategy to Meta.

"Apple is not seeking to build a wide XR (extended reality) ecosystem with a cheaper device, like Meta with the Quest line-up," he wrote.

"The company instead seeks to monetise an already lucrative subsection of its audience with high-margin subscriptions and software."

And more broadly, he told AFP that Apple had such high levels of trust "that it legitimises a product category".

Martin Peers of technology website The Information reckoned Apple had just made Meta look like BlackBerry, the defunct Canadian smartphone maker.

He wrote that Apple had "provided a believable vision of the long-term potential of augmented reality", a space it was well positioned to dominate at Meta's expense.

- 'Real-world experiences' -

The smooth launch of Apple's headset, complete with an awestruck video declaring it to be "like magic", has laid down a clear marker.

Users were shown enjoying "cinematic" movie experiences, scrolling 3D photographs and videos, moving through webpages with just a hand gesture while joining FaceTime calls, and linking up to games consoles.

"Apple has rightly, and in a very traditionally Apple way, rooted it in real-world experiences," said Whatley.

He contrasted that with Meta's vision of "making a 3D avatar of yourself with legs that that may or may not exist in a world where there's nothing to do".

Yet analysts were still divided over whether such goggles will ever take off among the wider public.

Google has tried and failed, largely ending its Google Glass experiment this year.

Meta's Quest headset has failed to break out from specialist users and gamers.

But both Ffiske and Whatley stressed that immersive technology is in its infancy and ultimately there will be enough room for two Silicon Valley giants.

"The Apple announcement will lift all boats in the tide, including Meta," said Ffiske.

(G.Gruner--BBZ)