“Recently things haven’t been going very well for Apple Inc. stock investors. In the past three months, Apple stock tanked 14.4%. Mr. Market hasn’t liked the ‘iPhone’ maker very much these days because prospects of the iPhone just don’t look that bright anymore,” Jing Pan writes for Profit Confidential. “Even though the iPhone might not be as hot as before, there’s something else that the company has planned for the future.”

“That thing is going to be in the virtual reality (VR) and augmented reality (AR) industry,” Pan writes. “In January, Apple’s chief executive officer, Tim Cook, was asked whether he believes VR is a geeky niche or something that could go mainstream. ‘I don’t think it’s a niche,’ he said. ‘It’s really cool and has some interesting applications.'”

“Last year, Apple was granted a patent for a head-mounted display that works with the iPhone. The user would be able to insert an iPhone into the headset and use it as a VR device. The patent suggests that the device could be controlled by a remote,” Pan writes. “On Tuesday, the U.S. Patent and Trademark Office granted Apple another patent, with the title ‘Peripheral Treatment for Head-Mounted Displays.’ …Based on the images, it’s pretty clear that the technology described in the patent could be used to develop a VR/AR headset.”

Read more in the full article here.

MacDailyNews Take: We shall see. Literally.

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