It's not certain just what Apple would do with NextVR, which is best known for its virtual reality versions of concerts and sporting events. However, VR might not play much of a role in the claimed deal. NextVR has run into financial difficulties in the past year, missing out on a round of funding in 2019 in part because its VR focus was less alluring in a market shifting to AR. Apple may be more interested in translating NextVR's know-how to AR, whether it's on the rumored headset or mobile devices.