Apple Buys Virtual-Reality Streaming Upstart NextVR

Apple Buys Virtual-Reality Streaming Upstart NextVR

NextVR says on its website that it is ‘heading in a new direction’ after becoming latest Apple acquisition in VR and AR space.

Apple Inc. has acquired virtual-reality streaming company NextVR Inc., a signal of the tech giant’s continued ambitions in virtual- and augmented-reality technologies.

Apple confirmed the deal Thursday but didn’t disclose the terms of the transaction. In a statement, a company spokesman said, “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”

The Wall Street Journal

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