“Apple is always highlighted in investing news, but buyer beware — sometimes hype is just hype. Apple’s iWatch appears to be a reality; even Bloomberg noticed its 79 patent applications with the word ‘wrist’ in it. But that doesn’t mean it’s worth your time,” Renee Butler writes for TheStreet. “A bevy of people say this iWatch is going to be a game changer… I say, several other companies are already producing ‘smartwatches.’ So unless Apple comes up with something truly revolutionary, it is going to clock more down days than up, in the near term.”
MacDailyNews Take: Apple doesn’t enter markets in order to perpetuate the status quo. Apple enters markets in order to disrupt them, because they’ve invented a better way. If Apple releases a smartwatch, it won’t be like “other companies.” We now return you to the musing of someone who’s totally unfamiliar with, or ignoring, the way Apple has operated through history.
Butler writes, “Year after year, companies have been launching various versions of these “smartwatches.” There’s Sony’s (SNE_) SmartWatch, which is compatible with Google’s Android operating system. Kickstarter raised a mammoth $10.27 million last year to help bring Pebble to market; this one runs both iOS and Android (although it cannot run SMS on iOS). Heard of the MartianWatch, MetaWatch or I’m Watch? In all that time, these ‘smartwatches’ have yet to catch on. Apple is just playing catch-up. In other words, Apple would be really behind the mark if it didn’t produce its own version.”
For what it’s worth (about zero) the full article is here.
MacDailyNews Take: As with everything else, if Apple doesn’t think they’re bringing something new to the table, a game-changer, then they won’t enter a market. (At least, they shouldn’t, if they’re still being run correctly, which we believe they are.) This goes for watches, TVs, streaming radio, and anything else the rumor sites can dream up.
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