Apple (NASDAQ:AAPL) is slated to release a bunch of devices this fall before the holiday season begins. This includes the iPad Mini 3 and the iPad Air 2, along with the heavily-rumored iPhone 6. Apple Inc (NASDAQ:AAPL) is also speculated to be planning to launch iWatch after the production of its much awaited device begins in July.
Apple has been reportedly working on this iWatch project since the past couple of years. With a host of other companies planning to introduce similar innnovative devices, most notably Google with its Android Wear, Apple is planning to work faster yet on this project.
Furthermore Apple unveiled its HomeKit platform for developers at this year’s WWDC, the company is now working on actual hardware products for everyday users. Apple’s smart home products probably won’t compete with the Nest Learning Thermostat or the newly announced Honeywell Lyric. Rather, it will focus on something a little more mainstream that will get more widespread usage.
Apple Inc (NASDAQ AAPL): New Product Developments
Apple is targeting Smart Home as another business category to achieve growth. According to various sources, the tech giant Apple (NASDAQ AAPL) has assembled a new team which would develop different hardware products for the home that would deeply integrate with its devices such as the iPhone, iPad and other Apple based devices.
Apple’s iWatch is set to become the first company’s first wearable. Although Apple itself has said less about the project, a lot of speculation has been making rounds about the device.iOS 8, the latest OS, is set to be there in iWatch. iWatch will be able to measure multiple different health-related metrics like steps taken, calories burned, sleep quality, heart rate, and more. The iWatch is said to include 10 different sensors to track health and fitness, which seems to be a major pivot point for the iWatch.
Other featured release from Apple include iPad Mini 3. The iPad Mini 3 will be powered by Apple’s new A8 processor and will run on the latest iOS 8. Other salient features include an 8 MP camera unit, and a brilliant TouchID fingerprint scanner.
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Apple Inc financial news (NASDAQ:AAPL)
All the rumored products have seen much anticipation among the Apple fan base. How they perform under heightened expectations remains to be seen. However, the growth in the market demand for the mentioned products have led to the strong rise in stock’s value. The stock is expected to break it’s all time high shortly after the products are released into the market.
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