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Apple Is Definitely Working on Futuristic Smart Glasses

by Justin Herrick | August 30, 2018August 30, 2018 9:00 am PDT

As its portfolio continues expanding, Apple announced it has acquired Akonia Holographics for its display-making business. The startup, which began operations in Colorado six years ago, develops custom panels that are augmented reality-based.

Akonia was focused on data storage early on, but then the company pivoted to hardware. It creates lenses that are “thin, transparent” and show a full array of colors with a wide-angle viewpoint. The terms of the deal were not disclosed, though Reuters says that Akonia raised almost $12 in seed funding when it launched.

The deal was acknowledged, but Apple isn’t spilling any details on what it means. Here’s the generic statement offered by a spokesperson:

“Apple buys smaller companies from time to time, and we generally don’t discuss our purpose or plans.”

In recent months, Akonia went quiet; therefore, the acquisition might’ve occurred months ago.

Based on various reports and rumors, it seems like Apple scooped up Akonia in an effort to develop AR-based smart glasses. Apple has invested plenty of resources in the next-generation technology for various devices, including the iPhone and iPad.

Apple, according to Bloomberg, would like to have its smart glasses on the market in 2020.

Reuters

Justin Herrick

Justin is easily attracted to power buttons. His interest in technology started as a child in the 1990s with the original PlayStation, and two...

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