In the same report TGBus also stated that AAPL is working with Intel on a Bluetooth watch that would be compatible with the iPhone. Supposedly the iWatch device will be able to link to the user’s iPhone via Bluetooth connection, which allows for AAPLs voice assistant software Siri, to send voice commands from the iWatch to the iPhone. Voice assistance from Siri could make checking emails, sending a text message or setting a reminder, even simpler while wearing the iWatch device. AAPL has not made an announcement confirming the recent reports, however, some analyst claim that it’s only a matter of time before wearable computer devices take over the market. Piper Jaffray analyst, Gene Munster, said “We believe that longer term, over the next 10 years, wearable computers could eventually replace the iPhone and smartphones in general.” The rising popularity of the AAPL approved iWatchz may encourage AAPL to enter the market with its own smart watch device. The iWatchz are designed to turn the iPod Nano into a wrist watch. If AAPL successfully entered the smart watch market other tech companies would be inclined to compete for market share by developing their own versions of the smart watch devices. AAPL has done an exceptional job creating demand for their products, which normally out sell their competition. AAPL already has its own cloud platform, voice recognition software, and of course the iOS operating system that can be incorporated into a new device. By already possessing excellent technology AAPL is in a good position to develop an iWatch device and take control of a large portion of the smart watch market.
Author: Tyler Sciortino
Current Student at Roosevelt University, Majoring in Finance.
Contact for questions or inquiries at tsciortino@mail.roosevelt.edu