Apple (NASDAQ AAPL) has been a standout stock in 2014-15. Currently trading at the levels of $125, the stock looks well primed to perform at even higher levels. One of the main reasons behind this conviction is the success which Apple Watch is currently receiving. After the success of iPhone 6, Apple were looking for another product which could reign the market like the last produced iPhone. Apple Watch seems to be the one.
Here in this article, we will take a measured look at the potential of Apple watch. Rather than jumping to conclusions, we will see how the stock might benefit from the Apple watch and how the market on the whole would stand from this product.
Apple watch comes in the wearable technology segment. By no means is this segment a fully grown one. In fact, this remains as one of the few segments which can be fully revived under the Apple watch product. Apple has the knack of making in roads into new segment and Apple watch may be the latest product in the market which may well do so.
Apple Inc (NASDAQ AAPL): Apple Watch
Apple Watch has some very cool features which may well end up making the product a grand success. A battery back up of 24 hours helps, but the conversion to a normal analog watch makes it an even better product. The ability to connect with any other iOS device makes it a great wearable device.
But the major USP of Apple Watch is the fact that it is a health related wearable device. Apple watch is one device which makes the device a must have among many health enthusiasts. Moreover, the watch comes in a variety of price ranges which makes the watch affordable.
Apple Inc financial news (NASDAQ AAPL)
Apple watch has already had an impressive number of orders. Expecting the product to have more users would be naive as the product should not be compared to the likes of iPhone and iWatch.
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