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Apple buys a little Imagination -- 3.6 percent to be exact

Tim Stevens

It's been a busy couple of months for the mobile PowerVR gurus at Imagination Technologies. First the company got picked to handle the polygon-shuffling duties in Sony's PSP2 (which may or may not be actually happening), and has now received a $5 million cash infusion from Apple -- in exchange for a measly 3.6 percent of its soul. What does it all mean? As much as we'd love to fling out crazy speculation about an Apple / Sony hybrid iPSP or hardware support for a mobile 3D operating system, we're putting our money on the most sensible explanation: a next-gen iPhone with even more emphasis on games. Place your bets now, folks.

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