In a analysis paper Tuesday, Goldman Sachs famous that the metaverse – a digital world shaped by combining digital actuality, augmented actuality, and the web – depends on a transition to new “immersive {hardware} interface platforms.”

As a result of useful items exist already and extra {hardware} is predicted to be developed quickly, the financial institution is extra optimistic about VR than AR.

As per the article, the race for digital actuality is between Apple and Meta. Apple is undoubtedly aiming to increase its ecosystem, and Meta hopes to entice shoppers with “enticing {hardware} pricing and compelling experiences,” based on the corporate.

In line with the financial institution, Meta Platforms’ Quest Professional product is predicted to be launched this fall, and Apple’s product will probably be launched in early 2023.