Apple reportedly has ‘over 1,000 engineers’ working on AR, could show up in next iPhone

Another day, another iPhone rumor. Today’s comes from a UBS research note summed up by Business Insider that claims that Apple "may have over 1,000 engineers working on a project in Israel that could be related to AR.” The UBS note also commented that the company expect Apple to include augmented reality tech as early as its next iPhone (which should be released this fall assuming the current release pattern holds).
The rumors fall in line a report from KGI Securities analyst Ming-Ch