Will A Watch Help Spawn New Start-ups?
During the unveiling of the much anticipated iPhone 6 and iPhone 6 plus, very few people knew about the unveiling of Apple's Watch. For simplicity and due to many Apple products, lets put an "i" in front of "Watch." Apple's iWatch is soon to be released sometime early this year. Already, some people are speculating that it will be a flop or that it won't sell as well as it was once thought when unveiled. However, others are convinced that it will sell and that it could be the next form of billion-dollar start-ups.is also quite optimistic as well:
Contrast that with the predictions of many pundits that the watch will flop, or sell only modestly. Others, like the analysts behind a note from November, are so optimistic they project the watch will sell 30 million units in its first year, increasing Apple's value by more than 10% and adding more than $50 billion to its market cap.
Furthermore, Apple has already released the "software development-kit" to several companies back in November of 2014. Of course, those companies were picked by Apple, with Facebook and Twitter having to be the most obvious ones. However, based off of what was unveiled and displaying what the watch can do, it is the apps that remain to be seen and how companies will develop these apps. Its possible to see new apps being developed and possibly becoming a billion dollar business.
In my opinion, I think that this will be interesting to see how things pan out. I find it hard to determine whether if this watch will be a flop or not. I base this off of two different perspectives. The first that it could be a flop because, people may not be ready for an interactive watch as this. We already interact with our phones since they are miniature computers that can do everything that we need to do to communicate. So what is the point of having a watch that can do as much? This would make the application development a waste of money. The other perspective is that the watch will do well since that it is a new technology that could be the next step to communicate like James Bond (who wouldn't want to talk into their watches like Mr. Bond?). Additionally, developing new applications for a watch could have limitless abilities by possibly helping you find the item that your looking for at a store; think of it as a homing device.
Fellow monkeys, what do you think about this "iWatch?" Do you think that it will be a flop or a gold mine for app developers to become a billion dollar business? What about the apps themselves, do you think they will be useful or not? What about the optimism from? Seems that they would recommend this as a buy due to the added valuation of the product. Or are they too excited?
Quote is from Monday, January 12th, 2015 WSJ article under "MARKETPLACE" section.