Apple quietly working on virtual reality: report

Apple has a team secretly working on virtual and augmented reality gear in a budding challenge to Facebook-owned Oculus Rift and Microsoft HoloLens, the Financial Times reported on Friday. Apple also has a trove of patents related to technology that could be put to work in reality-altering gear. California-based Apple has not commented on reports it is exploring virtual reality, but chief executive Tim Cook voiced interest while answering a question during a quarterly earnings call this week.