CNBC February 20, 2021
Kif Leswing

Key Points

– Smartphone sales have dropped for the last two years straight, and all the big tech players are casting around for the next big thing.

– They seem to have settled upon augmented reality — a face-worn computer or glasses that superimposes computer-generated objects on the real world.

– Apple’s plans have started to leak, and everybody’s waiting to see if it can revolutionize AR like it did with smartphones.

In 2007, Apple unveiled the iPhone.

Apple didn’t invent the smartphone — companies like Palm and Blackberry had been selling them for years. But the iPhone introduced a totally new way to interact with computers. The always-on internet connectivity, finger-friendly touch screen, and interface based around clickable app...

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