Jury is out on that one -- will have to see what happens in the next couple of years. I don't think you can say better off with full confidence right now. Very possible you could say that in the future..
> will have to see what happens in the next couple of years. I don't think you can say better off with full confidence right now
We can't say for confidence they'll find a niche in the AI world. But we can say they probably sat out some value-destroying capital investment. Like, I don't think Apple is going to wind up strategically worse off than Meta. But it won't have blown a metaverse on this.
Most everyone outside of a core believer knew metaverse was a bad investment and total value destruction.
Im not sure that Apple's strategy will pay out -- they may avoid the heavy capex lift but if that strategy is successful they ill have missed the strategic upside. Thats the part the jury is out on.
They've taken a more deliberate approach which might be the winning one ... tbd. We should re-check this in 3-5 years to re-assess.
We can't say for confidence they'll find a niche in the AI world. But we can say they probably sat out some value-destroying capital investment. Like, I don't think Apple is going to wind up strategically worse off than Meta. But it won't have blown a metaverse on this.