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Who will dominate ARVR in 2020? Apple or Facebook...

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Apple is planning to acquire California-based virtual reality company NextVR in a deal said to be worth $100 million, 9to5Mac reported over the weekend. NextVR holds over 40 patents for those technologies, but laid off roughly 40% of its staff after failing to secure fresh funding last year. Unlike Facebook, which dove headfirst into the VR market with its $2 billion acquisition of Oculus in 2014, Apple has only taken baby steps into the next-gen market. Apple is reportedly planning to launch its AR headset in 2022, followed by AR glasses in 2023, according to The Information.


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Article Summary

Apple is planning to acquire California-based virtual reality company NextVR in a deal said to be worth $100 million, 9to5Mac reported over the weekend.

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Article Summary

Apple recently agreed to buy NextVR, a California-based company that streams live events to augmented and virtual reality devices, for $100 million. NextVR is partnered with the NBA, Wimbledon, Fox Sports, and other major sports broadcasters, but the idea of streaming an entire sporting event through a cumbersome VR headset is catching on.

Article Summary
Even as the pandemic forces Niantic to shift the way its outdoor-friendly titles are played, the gaming company is charging ahead with its efforts to build out an augmented reality platform which allows users to interact with the real world.