Could the metaverse be a multi-billion dollar opportunity for Apple?

After Apple became the first company to hit its $ 3 trillion market cap, Sylvia Jablonski, CIO of Defiance ETF, now believes that the company's valuation is likely to rise further with the emergence of the metaverse. virtual reality concept. In fact, Jablonski noted that Apple's innovative nature would likely see the company develop new products to facilitate the metaverse concept, for example with the introduction of augmented and virtual reality headsets. Furthermore, Jablonski stressed that if Apple does not benefit from the concept of metaverse, it is likely that the company will collect topics such as quantum computing, hydrogen and NFT, in short, remaining linked to its vocation for innovation.

As the stock market continues to face uncertainty about Federal Reserve tapering - a gradual slowdown in large-scale asset purchases - Jablonski notes that the tech giant is also well positioned to contain shocks due to its large cash balance. . Overall, Apple's latest milestone came as no surprise to some market analysts who predicted further growth in the stock, mainly aided by the company's new product line that is attracting demand. As previously reported by Finbold, Dan Ives, an analyst at the Wedbush investment firm, predicted that in addition to reaching a market capitalization of $ 3 trillion, the stock would trade at around $ 225 by the end of the year. However, he noted that the stock would likely be affected by the high volatility triggered mainly by Federal Reserve policies.