“Apple has assembled a large team of experts in virtual and augmented reality and built prototypes of headsets that could one day rival Facebook’s Oculus Rift or Microsoft’s Hololens, as it seeks new sources of growth beyond the iPhone,” Tim Bradshaw reports for The Financial Times.

“The secret research unit includes hundreds of staff from a series of carefully targeted acquisitions, as well as employees poached from companies that are working on next-generation headset technologies including Microsoft and camera start-up Lytro, according to people familiar with the initiative,” Bradshaw reports. “The company’s latest acquisition in the area is Flyby Media, an augmented reality start-up that lets mobile devices “see” the world around them. Flyby’s team worked closely with Google in developing software for its 3D positioning technology Project Tango.”

“Apple has been building prototypes of possible headset configurations for several months,” Bradshaw reports. “Apple is still seeking further acquisitions in optical technologies to enable it to complete its project, said people familiar with its plans.”

Read more in the full article here.

MacDailyNews Take: Where there’s much smoke, there is much fire.

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