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Apple purchased virtual reality company NextVR, which had raised $116 million in funding as of 2019.
Apple has not announced firm plans or a new hardware product in the VR space.
Newport Beach, California-based NextVR has focused on broadcasting and producing live and recorded events in virtual reality, such as sporting events and concerts.
Read more from CNBC.
Taking shape on 3.5 acres just east of State Highway H/Glenstone Avenue in the area of Valley Water Mill Park are the Fulbright Heights Apartments – three 23,000-square-foot buildings with 24 units each for a total of 72 one- and two-bedroom apartments.