There is little doubt that 2016 is going to witness some of the most amazing developments in the field of virtual reality and augmented reality technologies, considering the fact that tech giants are working aggressively towards developing their own AR and VR devices.

Since the idea of these futuristic technologies is increasingly becoming popular among common people, a lot of renowned firms are either expected to acquire already established AR & VR businesses or they are going to invest in their won products.

According to media reports, Apple Inc., which is known worldwide for its stunning and iconic iPhones and iPads, is supposed to develop its own virtual reality and augmented reality products in 2016.

According to Daniel Ives, a former Financial Analyst at HBO, in New York, who currently works with FBR & Co., Apple is going to work very aggressively on its very own augmented reality and virtuality devices in 2016. However, he also mentions that apart from developing its own products, Apple may also acquire a lot of existing AR and VR firms in the coming time.

He also said that Apple is closely keeping an eye on the AR and VR products which are gaining popularity among people across the globe. And this clearly indicates that the company can’t think of staying behind in this race.

As of now technology firms such as Google, Facebook, Microsoft and Samsung etc., have been making the headlines for developing their AR and VR devices such as Google Cardboard, Oculus Rift headset, HoloLens, and Gear VR respectively.

In fact, Facebook got a lot of media attention when it first announced the acquisition of Oculus Rift for a whopping $2 billion in the year 2014.

According to reports, earlier Apple was recruiting engineers with a fair amount of AR and VR experience in order to start working on its own projects. Though it is true that Apple has not explained anything clearly about its AR and VR projects, but its recent acquisition of companies like Faceshift and Metaio makes it clear that the company definitely wants to launch its own products in the coming years.

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