Apple could be in the process of acquiring California-based virtual reality company NextVR, according to a report published over the weekend.
The rumored acquisition, supposedly for an amount in the region of $100 million, is reportedly quite far along. Although it hasn’t closed yet, employees are already being told about possibly relocating from San Diego to one of Apple’s offices.
Apple’s long-rumored augmented reality glasses project may have suffered a serious setback thanks to Facebook.
The social network company reportedly reached a licensing deal with Plessey, a British firm that makes displays specifically for augmented reality displays. Apple supposedly was looking into acquiring Plessey. But Facebook rushed in and struck an exclusive supply deal with the company, effectively shutting out Cupertino.
Apple’s spending on research and development of new products keeps growing. The company’s R&D spending increased by hundreds of millions in the second quarter of this year, totaling more than ever before.
But where is all this money going? Some of its R&D projected are obvious, but others the company tries to keep secret.