Metaverse wearable devices ‘could be as big as phones,’ Qualcomm CEO says

Metaverse wearable devices ‘could be as big as phones,’ Qualcomm CEO says

Metaverse wearable devices ‘could be as big as phones,’ Qualcomm CEO says

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November 17, 2021 | 

The company whose chips power Facebook’s Oculus virtual-reality headset has already tapped into the metaverse opportunity. Now Qualcomm’s CEO says glasses could eventually be as widespread as smartphones.

Qualcomm CEO Cristiano Amon knows smartphones well. The company’s main business is providing semiconductors for those devices. As Apple turns toward manufacturing its own chips for its phones, Qualcomm has been working on diversifying its revenue into products and services for the automotive industry, the Internet of Things — and the metaverse. They’re not new entrants into the market.

“For all of the devices that are being commercially deployed, you have one thing in all of them — which is Snapdragon XR,” Amon told Yahoo Finance Live, referencing Qualcomm’s extended reality version of its main Snapdragon platform. “So we’re very excited about that opportunity, and it could be as big as phones, if you have companion glasses that you carry together with your smartphone.”

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