YouTube Confirms Vision Pro App In Development, Still No Signs Of Netflix And Spotify Though
Portfolio Pulse from Benzinga Neuro
YouTube has confirmed the development of a Vision Pro app for Apple's Vision Pro VR headset, despite initially refusing to allow its iPad app to run on the device. This decision comes after the popularity of the Juno app for YouTube on the Vision Pro. The launch date and features of the app remain unclear, and there's no mention of a dedicated visionOS YouTube app. Meanwhile, Netflix and Spotify have decided not to launch their apps on the Vision Pro, directing users to access content via a web browser instead. Apple's Vision Pro headset has seen significant sales, with first-weekend numbers more than double the expectations.
February 06, 2024 | 10:07 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Apple's Vision Pro VR headset sees significant sales, with YouTube developing a dedicated app, despite Netflix and Spotify's absence.
The development of a YouTube app specifically for Apple's Vision Pro VR headset, combined with the device's significant sales performance, indicates strong market interest and potential for further growth. The absence of Netflix and Spotify could highlight Apple's competitive edge in securing exclusive content, potentially boosting AAPL's stock in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 90
POSITIVE IMPACT
YouTube, owned by Alphabet (GOOGL), is developing an app for Apple's Vision Pro VR headset, indicating a strategic move into VR content.
The development of a Vision Pro app by YouTube suggests Alphabet's interest in expanding its presence in the VR content market. This could potentially open up new revenue streams and partnerships, positively impacting GOOGL's stock in the short term due to the innovative approach and expansion into new tech territories.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80