Meta, Magic Leap Could Join Forces To Give Apple A Run For Its Money In The Metaverse Showdown
Portfolio Pulse from Ananya Gairola
Meta Platforms Inc. (NASDAQ:META) is reportedly in discussions with Magic Leap for a multi-year intellectual property licensing and manufacturing agreement. The collaboration aims to maintain Meta's edge against Apple Inc. (NASDAQ:AAPL) in the augmented reality space.
May 22, 2023 | 11:57 am
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Meta Platforms' rumored collaboration with Magic Leap aims to maintain its edge against Apple in the augmented reality space.
The rumored collaboration between Meta Platforms and Magic Leap could increase competition for Apple in the augmented reality space. As Meta aims to maintain its edge against Apple, this partnership could potentially challenge Apple's position in the AR market. This news could have a negative short-term impact on Apple's stock price.
CONFIDENCE 75
IMPORTANCE 60
RELEVANCE 80
POSITIVE IMPACT
Meta Platforms is rumored to collaborate with Magic Leap for a multi-year IP licensing and manufacturing agreement to maintain its edge against Apple in the AR space.
The rumored collaboration between Meta Platforms and Magic Leap could provide Meta with access to Magic Leap's optical technology and manufacturing assistance. This partnership could help Meta maintain its competitive edge against Apple in the augmented reality space, which is expected to grow rapidly in the coming years. As a result, this news could have a positive short-term impact on Meta's stock price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 100