SEEKING ALPHA - Feb 11 - There are two ways to invest in wearable tech.
I - Google and Apple. According to Bloomberg, Apple's iWatch could be more profitable than TV. Morgan Stanley says iWatch could generate $17.5 B in first year. Some might argue that Morgan Stanley's forecast can be supported by Apple's amazing track record with the iPhone. Apple and Google would have to deliver wearables ordinary people are going to fall in love with, and they will have to deliver it cheap enough. The adoption of a new product is always slow. According to Forrester analyst, J.P. Grownder, it won't be until 2017 we see wearables become more instrumental in how some employees do their jobs. According to an ABI Research forecast, 2M pairs of Google smart glasses could be sold in 2014. That would only bring Google ~$600M in gross profit. The general public is the target for Google Glass but who is going to want to wear them? Plus the product has so many legal issues surrounding it.
II - Forget Apple and Google and go for the companies behind the scenes who stand squarely in the middle of the wearable tech trend. (to be continued.....)
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