Apple Inc

Apple Inc. Has a New Product

Date Published: 2016-08-09

Author: Ophir Gottlieb

BREAKING
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.'

STORY
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.

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The new product will "accurately collect users' personal daily life including heart rate, pulse, blood sugar changes and other information."

It was said that technical director Jay Blahnik and Apple's health-focused development team have been working on the mysterious new product for more than two years.

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Source: Apple Insider

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:

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If the GlaxoSmithKline goes well, Apple's ResearchKit will instantly become a viable, if not preferred, apparatus for clinical trials, which are often so cumbersome and costly, that small biotechnology firms have to partner with larger ones and give up a part of their ownership stake just to get the capital to move forward.

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Source: Apple Insider

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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