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Akonia said its display technology allows for “thin, transparent smart glass lenses that display vibrant, full-color, wide field-of-view images.” The firm has a portfolio of more than 200 patents related to holographic systems and materials, according to its website. Akonia also said it raised $11.6 million in seed funding in 2012 and was seeking additional funding. It was unclear whether that funding ever materialized or who the firm’s investors were. The purchase price and date of the acquisition could not be learned, though one executive in the augmented reality industry said the Akonia team had become “very quiet” over the past six months, implying that the deal may have happened in the first half of 2018.
Apple has a history of buying smaller companies whose technologies show up years later in its products, In 2013, Apple acquired a small Israeli firm called PrimeSense that made three-dimensional sensors, The iPhone X, launched last year, used a similar sensor to power facial recognition features, Bloomberg last year reported that Apple was developing augmented reality glasses that could ship as early as 2020, Apple declined to comment on its plans or products, But the company last year launched augmented reality applications for its iPhones and iPads, and CEO Tim Cook retro denver broncos helmet cufflinks has called augmented reality a “big and profound” technology development..
“This is one of those huge things that we’ll look back at and marvel on the start of it,” Cook said of augmented reality on a conference call with investors last year. The Akonia acquisition is the first clear indication of how Apple might handle one of the most daunting challenges in augmented reality hardware: Producing crystal clear optical displays thin and light enough to fit into glasses similar to everyday frames with images bright enough for outdoor use and suited to mass manufacturing at a relatively low price.
NEW YORK (Reuters) - Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc (BRKa.N), on Thursday said the conglomerate bought back its own stock for the first time since 2012 and added to its already huge stake in Apple Inc (AAPL.O), Buffett also said investors are better retro denver broncos helmet cufflinks off owning a basket of stocks than long-term bonds as a strong U.S, economy bolsters corporate profits, despite higher costs from tariffs, “I don’t know when to buy stocks, but I know whether to buy stocks,” Buffett, celebrating his 88th birthday, said on CNBC..
“Business is good across the board,” he added. Berkshire has more than 90 businesses in the insurance, energy, food and retail, industrial and other sectors, and invests in companies such as Apple, Wells Fargo & Co (WFC.N) and Coca-Cola Co (KO.N). A buy-back policy announced in July gave Buffett, who has gone 2-1/2 years since a major acquisition, a new way to deploy Berkshire’s $111.1 billion of cash and equivalents. Berkshire said the policy frees Buffett and Vice Chairman Charlie Munger to repurchase stock when the price was below Berkshire’s “intrinsic value,” a determination that would be made “conservatively.”.
The old policy allowed buybacks when Berkshire traded at below 1.2 times book value, but the Omaha, Nebraska-based company’s shares have long traded above that level, Buffett said “we’ve bought back a little” stock since retro denver broncos helmet cufflinks the change, and that he and Munger need “a big enough discount” to ensure that long-term shareholders are better off, Berkshire has also bought “just a little” more Apple stock since June 30, he said, when it had a 252 million share stake now worth more than $56 billion..
Buffett is also a happy Apple customer. He said he uses his iPad “a lot,” and that the iPhone is “enormously underpriced” even when it costs $1,000, given how indispensable it has become for many people. Buffett spoke at the Smith & Wollensky steak house in Manhattan before dining with the person who in June agreed to pay $3,300,100 at an annual charity auction to join him. At the restaurant, Buffett held court for hours, over a meal that typically includes his signature Cherry Coke and a $59 Colorado rib eye steak. Guests sang happy birthday, and Buffett was given a cake.
NEW YORK (Reuters) - The rally in U.S, stocks came to a halt on Thursday on new concerns that the U.S.-Chinese trade dispute will intensify, while economic retro denver broncos helmet cufflinks turmoil in Argentina and Turkey sent those countries’ currencies tumbling, Stock markets and major government bond yields have risen in recent weeks on hopes that a global trade war could be averted, particularly as leaders of the United States and Canada expressed optimism they could reach a new North American Free Trade Agreement by Friday..