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Evidence is piling up that Apple is positioning itself to dominate the emerging consumer virtual reality (VR) market – a market that could expand to at least $5.2 billion by 2018.
Apple Inc. (Nasdaq: AAPL) has posted several job listings in recent months seeking engineers with knowledge of virtual reality. A patent that surfaced last month described a piece of virtual reality headgear.
And back in 2013 Apple bought PrimeSense, an Israel-based virtual reality company that had worked on Microsoft Corp.'s (Nasdaq: MSFT) Kinect.
Amid hype that Apple could experience a slump in revenue growth as the smartphone market becomes increasingly saturated, this move to increase revenue and earnings is great news for AAPL investors.