The attentive folks over at Patently Apple have uncovered an application Apple filed with the U.S. Patent & Trademark Office for a Smart Bicycle System. Patently Apple compares the potential device to the Nike+iPod kit, geared towards cyclists instead of runners. The bicycle system would monitor all sorts of measurements - speed, distance, elevation and so on - all measured with sensors in an iPhone, the bike, or both. The patent - and Patently Apple's analysis of it - is exquisitely detailed, and worth a look for cycling enthusiasts and Apple fans alike. follow link
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Patently Apple Peddles Apple's "Smart Bicycle" Application