(Credit: Patently Apple)

If there are two things that seem to draw people's ire, it's cyclists and the Apple iPhone. So, if this is you then look away now: Apple has filed a patent for an iPhone "smart bike" that acts like a car's on-board computer.

The patent is apparently quite vague, but the system will give you feedback on you and your bike's performance and somehow "communicate" (some say spam) the information to other cyclists.

The iPhone would act like the bike's on-board computer with readouts on speed, heart rate, gear and positional data.

If you look at the diagram above you can clearly see that the iPod/iPhone will sit in a holder between the handlebars and connect to the braking and pedal systems.

This isn't the first time Apple has produced exercise equipment, as it has previously collaborated with Nike on a shoe/app tie in. We imagine the smart bike will extrapolate on the learnings gathered from that project and combine it with a cycling fitness like our Top 100 app, Cyclemeter .

Who would Apple collaborate with on such a system? Give us your thoughts below.

Via gajitz.com