Apple Inc. Has a New ProductDate Published: 2016-08-09
Author: Ophir Gottlieb
Apple Inc. stock had been dragged through the mud until its most recent earnings release. But even with that pop, the question has time and again arisen whether the iPhone maker has a new product up its sleeve to help boost sales. It turns out, the answer may be yes, the answer may be a medical device and the answer may be 'the next big thing.'
Yahoo Finance! broke a story today that sites a Taiwanese newspaper. The story is simple, it appears that Apple is getting ready to launch new a product, and it’s not a new watch.
The excitement surrounds the fact that this new product focuses on 3D Touch technology. The report further notes that major suppliers are now in the know and preparing for production, including Taiwan Semiconductor Manufacturing Co., Foxconn, TPK, Zhen Ding Technology, and more.
The Apple Watch has itself built out an array of health related functionality powered by outside develop apps. Further, On July 19th, 2016, CML Pro broke the story "Apple Goes After Enormous Medical Technology Market," in where we note that Apple Inc. (NASDAQ:AAPL) officially stepped into the Health Care Technology realm by partnering with GlaxoSmithKline plc (NYSE:GSK).
The partnership surrounded the iPhone's ResearchKit and an attempt to make clinical trials faster, easier and less more cost effective. We noted in that dossier that:
While Apple Inc. (NASDAQ:AAPL) tends to be (overly) secretive about its innovation, let us not make the mistake of equating quiet with silence. A new medical device surrounded by technology could very well be the "next big thing.' We note that the introduction of this new product has been rumored to be pegged on the same date as the release of the Apple iPhone 7 -- the special ten year anniversary iPhone.
The author is long shares of Apple Inc.
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