Apple pulls out of the car market in favour of AI, domain trading market review

Industry Information 29 Feb 2024 05:07:15 PM By:DN domain name editor
Abstract:

The domain OlibeaOldCity.com was sold for $12,388 (approximately 89,000 RMB), and it was registered in January 2017. The term "OldCity" in the domain name means "old city" in Chinese, while "Olibea" does not have any special meaning.

Recently, in the domain name industry, apart from frequent domain name transactions, there have been a series of significant events, with the most attention being drawn to the movements of Apple Inc. It is reported that Apple acquired the iwork.ai domain name half a month ago, aiming to upgrade its office suite's artificial intelligence capabilities. Furthermore, this past Tuesday, Apple announced the abandonment of its previously highly anticipated car manufacturing plans, shifting its focus towards generative artificial intelligence.

Apple pulls out of the car market in favour of AI, domain trading market review

Apple's car manufacturing plan, proposed since 2014, has now been in existence for a full decade. Consumers worldwide have been eagerly awaiting the launch of Apple's electric car. However, Apple suddenly abandoning this plan has sparked widespread discussion across various sectors globally, with opinions divided.

Apart from Apple's dynamics, there have been several notable domain name transactions recently. Here are four domain names that have been recently traded along with their price details:

1. OlibeaOldCity.com was sold for $12,388 (approximately ¥89,000 RMB). The domain name was registered in January 2017. The term "OldCity" in the domain name means "old city" in Chinese, while "Olibea" does not have any special meaning.

2. The word domain AllBet.com was sold for $27,508 (approximately ¥197,000 RMB). The domain name was registered in 2003 and consists of the words "All" and "Bet."

Apple pulls out of the car market in favour of AI, domain trading market review

3. The domain name Hub.xyz was successfully sold for $31,900. The domain name was registered in 2014. In recent transactions, the three-letter domain name Hub.xyz was sold for $31,900. In Chinese, "Hub" means "data center."

4. JoyOfMuseums.com was sold for $40,500 (approximately ¥290,000 RMB). The domain name was registered in January 2017 and implies "interesting museums."

Apple pulls out of the car market in favour of AI, domain trading market review

The transaction prices of these domain names show a certain gradient, ranging from over $10,000 to over $40,000, reflecting the level of activity in the domain name market and investors' perception of the value of different types of domain names.

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Apple pulls out of the car market in favour of AI, domain trading market review