Apple purchases display tech company LuxVue, spurs new iWatch rumors

There’s been talk that Apple will soon develop a new iWatch buzzing around the Internet for months, but a recent purchase by the electronics giant, of micro-LED display developer LuxVue, has those rumors heating up…again.

Mashable recently reported that the company is working on technology that will deliver display brightness nine times better than anything on the market today. Even better, the technology works while using less battery power.

Of course there’s always the possibility that Apple is purchasing the company to be used with one of its current devices but, after the presentation that Apple gave in 2013, many were quick to put 2 and 2 together.

John Doerr is a partner at one of the venture capital companies where LuxVue Is the part of their portfolio. This is what he had to say about the rumors:  “Also [LuxVue displays] can be on curved substrates, so if somebody was gonna make a really great watch, you might want to use it there.”

The fact that both Doerr, a longtime friend of Steve Jobs, and Apple’s current CEO Tim Cook have both been spotted wearing iWatches from other brands is also helping to keep the rumor mill spinning.

Further keeping the rumors flying is the fact that Kapil Sakariya, the vice president of technology at LuxVue, was once an engineer of display architecture for Apple and filed a patent for the company that would help them to place a tiny display on a device with a new type of methodology.

As they typically do, Apple is keeping information close to the vest and hasn’t confirmed or denied their acquisition. The only thing that they’ve done is provide a quote to TechCrunch recently;  “Apple buys smaller technology companies from time to time, and we generally do not discuss our purpose or plans.”

For those of you who love your Apple devices and are feverishly waiting for them to make an announcement, keep your eyes open for smoke signals in the near future as these rumors continue to heat up.

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