Apple's Next Move? Wear Me!!!
Steven is a member of The Motley Fool Blog Network -- entries represent the personal opinion of the blogger and are not formally edited.
Wearable tech is poised to outpace traditional cellphones.
Piper Jaffray, and analyst Gene Munster has come right out and said in a recent report that earlier this week that the company will eventually come out with a "wearable computer" next year or later.
With Apple's (AAPL) history, pioneering technological trends is nothing new, but what is potentially budding is a revenue stream that will sustain and grow Apple until it's next significant innovation. It's believed this wearable technology could be a complement as opposed to a replacement of Apple's iphones.
Munster views "wearable computers" as a major future tech trend. Google will soon be releasing their upcoming augmented reality eyewear, "Project Glass", which let's users do things Smart Phones do today.
Glimpse into the future when every movement is tracked and tabulated for better fitness results. Or watches that stream 'Tweets' or 'texts' vs. just the time. With advances like longer-lasting batteries, smaller accelerometers, and cheaper radio components also have firms such as ARM (ARMH), Qualcom (QCOM), and Intel (INTC) driving the push to stitch circuitry into clothing and apparel.
The real question to ask any investor is which companies are going to lead this trend as opposed to just following it? Bet your Nike+ running shoes, Apple will lead this race.
Though Fool Blogger Steven Fortino doesn't own stock in Apple, he practices market observations in preparation for the day he will. When he's not discussing trends he sees in technology markets, he dreams of the day being a leader in providing value added information to the market.