ADVERTISEMENT
ADVERTISEMENT

Apple’s 'vision' for its next big thing convinced a big company to sell itself for cheap (AAPL)

Whatever Apple ends up doing in AR, it's likely to include Metaio technology. Apple bought the company in 2015, as one of the first AR companies it purchased.

Apple CEO Tim Cook looks up to the skies.

Apple CEO Tim Cook said last week that augmented reality can be as big as the iPhone.

It's not the first time that Cook has talked up Apple's plans in AR, a technology that integrates computer graphics and internet information with the real world — think of a next-generation Google Glass or "Pokémon Go," or the fun face filters on Snapchat.

Whatever Apple ends up doing in AR, it's likely to include Metaio technology. Apple bought the company in 2015, as one of the first AR companies it purchased in a mini-run of AR acquisitions.

In fact, Apple may have gotten a deal on Metaio because of its vision for the technology, Bloomberg reports in a longer story about Apple's M&A strategy.

ADVERTISEMENT

Metaio

Did you work for Metaio? Know anything about Apple and AR? Email the author at kleswing@businessinsider.com

Enhance Your Pulse News Experience!

Get rewards worth up to $20 when selected to participate in our exclusive focus group. Your input will help us to make informed decisions that align with your needs and preferences.

I've got feedback!

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: eyewitness@pulse.ng

ADVERTISEMENT
ADVERTISEMENT