iRing, iGlasses Or Supercharged iPods? Gurman Says Apple Brainstorming Wearables That Could Keep More Users Locked In Its Ecosystem
Portfolio Pulse from Shanthi Rexaline
Apple, Inc. (NASDAQ:AAPL) is exploring innovative wearable products including a smart ring and smart glasses, as reported by Bloomberg's Mark Gurman. These products aim to enhance Apple's ecosystem, with the smart ring focusing on health-tracking features and the smart glasses offering audio capabilities, AI, and camera functionalities for object identification. These developments are in the early stages, with the smart ring being a concept and the glasses in the exploratory phase. Gurman also mentioned the possibility of equipping AirPods with cameras and advanced AI. The introduction of these wearables could strengthen Apple's wearable device business, which currently represents 10% of the company's revenue.
February 25, 2024 | 6:44 pm
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Apple is exploring new wearable technologies including a smart ring and smart glasses, aiming to expand its ecosystem and wearable device business.
The introduction of innovative wearable products like smart rings and glasses could significantly enhance Apple's ecosystem, making it more attractive to current and potential users. This could lead to increased customer loyalty and attract new users, thereby potentially increasing Apple's revenue from its wearables division. Given the early stage of these projects, the impact is positive but with a moderate level of confidence due to uncertainties in development and market acceptance.
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