AAPL was building out the iPod back then, which was a huge clunky device. Who could’ve predicted that it was going to evolve into the iPhone and revolutionize the world? META is building out that equivalent of the iPod. Sure it’s a clunky device today, but do you remember how less than 10 years after the first generation iPod, it became the sleekest and most in demand device in the world?
iPod is clunky? Comparing to those MP3 players on the market, iPod is game changer and it is a mass market product
Yes compared to today. Similarly, the latest Oculus is a game changer compared to the other VR headsets on the market.
Meta is 240b mcap?
Well, it is no doubt that metaverse is going to be a hit, just a matter of who can make it work.
Can you elaborate “it is no doubt that metaverse is going to be a hit”? I agree VR device is useful in some areas. But I don’t think it’s anything close to music/iPod which people use everyday. Will you have a meeting with avatars of colleagues in a virtual space?
Other than meta, who else tells you metaverse == VR?
Yeah I am not going to be on VR for 8hrs a day. Sorry about that
We’re all dopamine creatures. No one expects to become addicted to something. 20 years ago, people who were on computers and electronic devices were called nerds and geeks. “Why would someone spend 8 hours a day on a computer?”
I have my addiction already. It is in hiking not video games
Meta will be fine. All this noise is garbage. Their metaverse as today though, that might significantly adjust/thrown out. Regardless they have one hell of an r&d group atm, something will stick
Aapl can never be compared with Meta
The fact that people are so bearish on Meta makes me bullish
Bad comparison. Meta is a software ad-selling company attempting to achieve product market fit in Hardware. AAPL has always been a solid hardware company with the right mentality and tools to succeed in Hardware
Bad comparison. Apple intentionally limited inventory and availability for years to up the demand with a very strategic long term business plan. They also had a very useful product that was a game changer in people’s daily lives. No one needs a fucking Oculus for $3K. Not now, not 10 years from now. Can you imagine hoards of Zuckers camping out overnight to get the next VR headset release? Hard no.
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Did aapl also make the iPod and iPhone at a loss?
Probably at the beginning. The iPod only generated 31 million dollars in sales the first year it came out. The Oculus Quest 2 has brought in over 600 million dollars in revenue since it was launched 2 years ago.
I think the vr headsets are great products but I'm apprehensive to buy META with such bad margins