Apple moves into wearable tech

Tech giant Apple unveiled the Apple Watch this week, its first venture into wearable technology.

Technology giant Apple unveiled the Apple Watch this week, its first venture into wearable technology. Hailed by the firm as "the most advanced timepiece ever created", the gadget ranges in price from $349 to $17,000.

What the commentators said

The bottom line, added Farhad Manjoo in The New York Times, is that "just about anything you can do with your [iPhone], you can do faster with your watch. Whether you're booking a lift with Uber or answering a text, you can "interact with the digital world at a glance, in a less outwardly antisocial way than you do now with your phone".

But the snag, said The Economist, is that the watch only works in conjunction with an iPhone. "This is not unlike selling someone a wristwatch that requires a pocket watch to work." Users will just be adding another device to their "growing menageries" rather than replacing one. And will people really want to shell outso much money for something that barely does any more than their iPhone?

Apple's first product since Steve Jobs's death seems "unlikely to be remembered as a stellar success". However, as batteries become more efficient and prices fall, the market for wearable technology is set to grow. As the world's biggest technology company, with $200bn in sales over the past year, "Apple has time on its side".

Recommended

Get healthy returns from these three healthcare stocks
Share tips

Get healthy returns from these three healthcare stocks

Professional investor Paul Major of the BB Healthcare Trust highlights three of his favourite healthcare stocks.
25 Oct 2021
Share tips of the week – 22 October
Share tips

Share tips of the week – 22 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
22 Oct 2021
Three dividend stocks from the dynamic Asia/Pacific region
Share tips

Three dividend stocks from the dynamic Asia/Pacific region

Professional investor Sat Duhra of the Henderson Far East Income investment trust highlights three of his favourite stocks.
18 Oct 2021
Share tips of the week – 15 October
Share tips

Share tips of the week – 15 October

MoneyWeek’s comprehensive guide to the best of this week’s share tips from the rest of the UK's financial pages.
15 Oct 2021

Most Popular

Properties for sale for around £1m
Houses for sale

Properties for sale for around £1m

From a stone-built farmhouse in the Snowdonia National Park, to a Victorian terraced house close to London’s Regent’s Canal, eight of the best propert…
15 Oct 2021
How to invest as we move to a hydrogen economy
Energy

How to invest as we move to a hydrogen economy

The government has started to roll out its plans for switching us over from fossil fuels to hydrogen and renewable energy. Should investors buy in? St…
8 Oct 2021
Emerging markets: the Brics never lived up to their promise – but is now the time to buy?
Emerging markets

Emerging markets: the Brics never lived up to their promise – but is now the time to buy?

Twenty years ago hopes were high for Brazil, Russia, India and China – the “Brics” emerging-market economies. But only China has beaten expectations. …
18 Oct 2021