The rise of Meta Platforms (FB) may signal a broader shift in focus for the technology market…
In October, CEO Mark Zuckerberg changed Facebook’s name to Meta Platforms. While the company will continue to operate Facebook, Instagram, and WhatsApp as it always has, the social media giant also wants to play a major role in building out the “metaverse.”
As of right now, the metaverse is a largely hypothetical version of the internet. Under its current ideas, it would support a persistent online world with three-dimensional environments that consumers can interact with on personal computers and through augmented reality (AR) headsets.
This means that people could see even more immersive experiences in virtual worlds such as Fortnite, Minecraft, and Roblox.
But it goes beyond that as well…
These AR technologies could also be used in retail, video-entertainment, manufacturing, health, and tourism markets worldwide. They could even replace the smartphone as we know it, as consumers could theoretically interact with all of their communication services through their AR devices.
And given the fact that companies all around the world are investing in the space, it’s becoming a question of not if, but when AR will become a part of our everyday lives – modifying real-world surroundings with digital images and services.
Once this happens, companies such as Meta Platforms, Alphabet (GOOGL), Intel (INTC), Microsoft (MSFT), and Qualcomm (QCOM) could become some of the biggest benefactors. However, it could provide a boost to Nintendo (NTDOY), Vuzix (VUZI), and AutoDesk (ADSK) in the years ahead as well.
According to Microsoft engineer Alex Kipman, “Smartphones are yesterday's news. The phone is already dead. People just haven't realized.”
A new technology that’s projected to grow 4,572%… Enough to turn just $5,000 into almost a quarter-million dollars.