It’s likely planning to develop smartglasses.

Apple Inc. has taken a step toward developing a smartglasses product with its recent acquisition of Akonia Holographics, a startup that is creating augmented-reality lenses, Reuters reported.

Financial terms of the deal were not disclosed. Apple confirmed the acquisition with a short statement to Reuters: "Apple buys smaller companies from time to time, and we generally don’t discuss our purpose or plans."

Longmont, CO-based Akonia was founded in 2012. According to its website, the company used "proprietary volume holographic media and know-how to uniquely enable thin, transparent smart glass lenses that display vibrant, full-color, wide field-of-view images."

The company states that it "holds an expansive technology portfolio including prototyping and media manufacturing equipment, and over 200 patents pertaining to holographic systems and materials."

Business Insider explains that the acquisition "reveals that Apple is working on some kind of head-mounted gadget."

It was reported in late 2016 that Apple was looking at the possibility of making a digital eyewear product.

Read more at Reuters

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