The hottest tech trends to watch in 2023

We’re only days away from a new year, and it can’t come soon enough for the tech industry. Unless you’ve been in hibernation and don’t know it, 2022 has been a bit rough. The problems? Falling stock prices, falling sales, supply chain bottlenecks and more.

But 2023 is right around the corner, and a new year brings new opportunities for the tech sector. To that end, we take a look at some of the biggest trends we plan to take. These include everything from new hardware like Apple (AAPL) to artificial intelligence becoming available to average consumers to tech-driven healthcare. And the gaming industry will also be on the way back.

So without further ado, here are the next big tech trends to watch in 2023.

An Apple headset and much more Metaverse

Later next year, Apple is set to launch its most important product since unveiling the Apple Watch in 2014: its first mixed reality headset. According to Bloomberg, the headset will be called Reality One or Reality Pro and will feature a suite of cameras and a high-resolution display. Inside there will be a high-powered Apple M2 chip, which means the headset should outperform rivals like Meta (META) Quest 2.

Speaking of which, the social media giant is expected to continue investing billions of dollars in its AR and VR efforts. In 2021 alone, Meta spent $10 billion on new hardware and software as part of its effort to dominate the Metaverse, a series of interconnected online worlds. And those expenses aren’t going to decrease anytime soon. Meta is already on track to pump more money into CEO Mark Zuckerberg’s quest to create the go-to metaverse company in 2022, and will ramp it up even further in 2023.

Here’s to your health: Apple CEO Tim Cook visits the Apple Fifth Avenue store for the iPhone 14 release in Manhattan, New York, U.S., September 16, 2022. (Image: Reuters/Andrew Kelly )

Sony (SONY) will also play a major role in the world of VR in 2023 with the launch of its PlayStation VR 2 headset in February. Available for pre-order for $529, hardware includes an improved display and dedicated controllers.

More electric vehicles in the aisles

Electric vehicles, or EVs, have been a growing sector for the past few years, and we expect to see that further increase in 2023. EV sales hit an all-time high in mid-2022, according to Cox Automotive, as they have become gradually more common. Tesla (TSLA) has played a huge role in the growing popularity of electric vehicles, but so has the widening range of offerings from more traditional automakers like Chevrolet, Kia and Ford.

“Electric vehicles will be an interesting ongoing trend because they have a very passionate following,” said Rishi Khanna, CEO of investor-focused social network Stocktwits. “I think part of that is because Tesla has a cult retail following, and so many EV companies that have gone public through SPACs [which are usually of interest to retail investors]. People are so excited about Mullen, Lucid, and so many of these electric vehicles that are coming to market. It will be interesting to see this trend continue to mature.

AI is going mainstream

When ChatGPT went down earlier this month, it made waves on social media. The chatbot built by Open AI is the most sophisticated conversational AI ever available to the general public – and people were both excited and scared when it launched. A flurry of thoughts emerged in the aftermath, detailing the possibilities, dangers and limitations of ChatGPT. Anyway, people showed up. Over a million people signed up to use ChatGPT when it hit the web.

It wasn’t the first time OpenAI had managed to capture the public’s imagination. In April, the organization launched its latest version of the AI ​​image generator DALL-E to widespread interest and encouragement from Wall Street investors. AI has become broad and exciting enough for the mainstream, and as a result, we’re likely to see increased investment from Big Tech, startups, and perhaps even companies not traditionally involved in AI. AI.

Apple continues to focus on health and safety

Next for Apple? Watches and iPhones that could improve your health or even save your life. The tech giant made those aspirations clear at its “Far Out” event this fall. CEO Tim Cook opened the event with a montage of stories about how the Apple Watch had saved users’ lives. Then there are new iPhone features like Emergency SOS, which allows consumers to send emergency messages via satellite if they’re trapped in remote areas.

Apple has also emphasized health-related features. The company’s new high-end Apple Watch Ultra has advanced women’s health capabilities, including generation of family planning data and a temperature sensor, building on the Apple Watch’s already robust health offerings. Regarding user privacy, Apple says user health data is encrypted end-to-end and users have “granular control” over how their data is shared.

Big Name Games Will Bring Back The Gaming Industry

A man poses next to Link, a game character for Nintendo

No more Zelda in 2023? Yeah. A man poses next to Link, a character from Nintendo’s ‘The Legend of Zelda’ game. (Photo: Behrouz MEHRI / AFP)

The video game industry took a step back in 2022, as companies from Microsoft (MSFT) and Sony (SONY) to Nintendo (NTDOY), EA (EA) and Take Two (TTWO) struggled to measure up to their explosive pandemic- era sales. The slowdown in digital ad sales for mobile games hasn’t helped either.

On top of that, more than 100 games have been delayed until at least 2023, while currency issues have eaten away at game companies’ bottom lines. To top it off, third-quarter global consumer spending on in-app purchases, premium apps and subscriptions fell about 4.8% to $31.6 billion, according to SensorTower.

But things should bounce back in 2023. According to Morgan Stanley Research analyst Seyon Park, the industry should start to see a return to growth in the new year as new titles hit the streets and consoles like Sony’s PlayStation 5 and Microsoft’s Xbox Series X are becoming more readily available after years of hardware shortages.

The year will also bring a host of highly anticipated games, including Nintendo’s sequel to ‘The Legend of Zelda: Breath of the Wild’, ‘Star Wars Jedi: Survivor’ and ‘Starfield’.

As IDC analyst Lewis Ward previously told Yahoo Finance: “Assuming recession concerns dissipate and inflation returns to within reasonable control…the basis on where the gaming industry was before COVID will likely reassert itself.”

Do you have any advice? Email Daniel Howley at dhowley@yahoofinance.com. Follow him on Twitter at @DanielHowley.

Allie Garfinkle is a senior technical reporter at Yahoo Finance. Follow her on Twitter at @agarfinks.

Click here for the latest stock market trends from the Yahoo Finance platform.

Read the latest financial and business news from Yahoo Finance.

Download the Yahoo Finance app to Apple or android.

Follow Yahoo Finance on Twitter, Facebook, instagram, LinkedInand Youtube.

Leave a Reply

Your email address will not be published. Required fields are marked *