Apple acquires VR start-up Spaces intending to explore VR innovations

Apple, over the years, has made giant strides in AR. But that is not the case when it comes to VR. Hence, to set its feet in the VR space it has acquired a VR start-up ‘Spaces’ (pun intended). The firm silently confirmed the acquisition. Though Apple has not publicised its plans on how it will gain benefit from this acquisition, it is quite clear that the iPhone maker will ramp up its elusive AR-VR headset project; thus, competing with rival Facebook’s Oculus.

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