Apple is Reportedly Working on Mixed Reality, Updates Job Listings

• Apple’s recent job listing indicates an extended reality ecosystem.
• The company is yet to launch its much anticipated AR/VR headsets.
• AAPL stock was trading at the market price of $148.28.

AR/VR Job Listing Update

After the Meta Quest Pro, the world is now eagerly waiting for Apple AR/VR goggles which were supposed to be launched during the WorldWide Developers Conference (WWDC) 2022. The company delayed the product but the recent job listings indicate that something big is brewing inside the organization.

According to a Bloomberg reporter focused on Apple (NASDAQ: AAPL), the company is reportedly working to bring 3D video service and an XR environment similar to metaverse in near future. He said that the high end device may range from $2,000 to $3,000. The company will install robust hardwares, and the fact is that it’s Apple, explains the high cost of the device.

Apple’s career page is loaded with vacancies associated with AR/VR hardware and software developments at different locations. Organizations like to keep things mysterious as it increases the excitement among the users. Similar strategy was used by Activision recently when they posted some job listings to develop a ‘AAA’ mobile battle royale game, which turned out to be Warzone Mobile.

Apple’s biggest rival in the metaverse race, Meta (NASDAQ: META), has already turned their focus on digital worlds. The company publicly announced in November 2021 that they are turning their core focus on the metaverse and rebranded the company from Facebook to Meta.

But recent financials and META stock performance elucidates that the company is suffering. Mark Zuckerberg’s bet on the metaverse is proving extremely hazardous concerning the huge amount of funds he is throwing into their research and development arm, Reality Labs.

Other companies apart from Meta and Apple include Unity Software (NYSE: U), Nvidia (NASDAQ: NVDA), Microsoft (NASDAQ: MSFT) and more. Unity is a top-tier gaming organization which has offered several technical solutions to companies in the sector. It also provides various tools to monetize content in the Metaverse.

Nvidia is considered the top entity in the GPU industry and has provided some of the top-tier equipment the gaming industry has ever seen, including GeForce 256, GeForce GTX 680, GeForce RTX 3080 and more. Company’s Omniverse platform allows developers to create high-quality, physics accurate metaverse objects for digital spaces.

Microsoft announced that they will acquire Activision Blizzard (NASDAQ: ATVI), the publisher of the Call of Duty franchise, in January 2022, leading ATVI stock to rise by 40% in the pre-market. The company announced that the takeover will help them in development of the metaverse.

AAPL Stock Price Analysis

Apple shares have maintained a resistance level around $180 and support at $130 since Q2 2022. AAPL stock registered a sharp decline from April 2022 to mid-June, but rebounded to $175 level but deflected off the resistance to trade around $140 in October 2022. AAPL stock price appears to create a similar pattern when the value bounced back to $180 resistance line during mid-August.

At the time of publication, AAPL stock was sitting at $148.28, down by around 1% in the last 24 hours.

Anurag is working as a fundamental writer for The Coin Republic since 2021. He likes to exercise his curious muscles and research deep into a topic. Though he covers various aspects of the crypto industry, he is quite passionate about the Web3, NFTs, Gaming, and Metaverse, and envisions them as the future of the (digital) economy. A reader & writer at heart, he calls himself an “average guitar player” and a fun footballer.