It started as a rumor but has quickly confirmed: Apple has acquired a company called LuxVue Technology, specializing in the manufacture of low-power LEDs. There is no official website of the company, may be the closest thing this website who happens under construction.
The cost of this purchase is not known, but appear to be another one of those discrete acquisitions and with surgical precision so that Apple has more resources into a product or service. The official response from the company has been the same: "Apple buys smaller technology companies from time to time and generally do not discuss our purpose or plans."
Its usefulness is quite clear: screens with small LEDs that can benefit both iOS devices (improving efficiency and battery life) like a supposed iWatch needs miniaturize a screen as it can. Mostly with these things, we will see the result applied in future Apple products.
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