Apple Reportedly Working On Wireless Charging For iPhones

On Tuesday, Apple Inc. AAPL released its Q1 2016 earnings. While results were mixed (earnings beat the Street's consensus, but revenue fell short of expectations) and the stock remains down 5.69 percent on the week, the tech giant is countering the uninspiring press.

In addition to whispers of a new venture into TV, Apple has disclosed an exciting new feature for its upcoming iPhones.

Wireless-Charging Has Disruptive Potential

According to Bloomberg Business, wireless charging technology is on the horizon.

"Apple Inc. is working with partners in the U.S. and Asia to develop new wireless charging technology that could be deployed on its mobile devices as soon as next year, according to people familiar with the plans," stated Bloomberg Business.

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While the company has already begun exploring wireless charging with charging mats, this new technology is purported to charge the device from a farther distance. This capability is groundbreaking and complicated because, as explained by Bloomberg Business, "Efficiency of power transfer decreases as the distance between transmitter and receiver grows."

The Technology And Growing Patent List

This is by no means Apple's first trek into revolutionary technology, let alone technology within the charging sphere.

Previous ventures include a 2010 patent application for a wireless recharging hub and a 2015 patent for aluminum phone coverings, utilizing the potential of radio waves (which would inadvertently increase transmission signals and therefore decrease power usage).

In regard to the disruptive potential wireless charging has even within Apple's universe, Bloomberg Business commented, "With iPhones and iPads generating more than three quarters of Apple's revenue, new technologies can give its devices an edge and help the company sell products at a premium in a slowing market."

Apple may launch this feature as early as 2017, according to Bloomberg Business.

At the time of this writing, Apple was trading up 1.85 percent at $95.89