Apple (AAPL) Has Acquired Virtual Reality Company Spaces: Report

By Dan Anderson ● August 26, 2020
  • Apple has reportedly purchased a virtual reality company called Spaces, according to a report by Protocol

Apple has reportedly purchased a virtual reality company called Spaces, according to a report by Protocol. The deal was not officially confirmed as Apple provided its usual canned statement which does not confirm or deny the deal. Spaces simply says that it is “heading in a new direction.” 

In the past, Spaces focused on developing virtual reality games. And during the COVID-19 pandemic, the company started offering the ability to bring virtual avatars to Zoom meetings.

Spaces had spun out of DreamWorks and its first project was to create a virtual reality game based on the Terminator franchise.

When the COVID-19 pandemic first started, Spaces had to close down its virtual reality centers and lay off some staff members. Then the company secured a PPP loan to keep the operations running. Spaces CEO Shioraz Akmal told Protocol that COVID-19 “felt like a tsunami” for the company.

This is not the only virtual reality company that Apple acquired recently. Apple also bought a live streaming AR/VR company called NextVR.