Apple's (AAPL) Road to Smartwatch Supremacy Gets Bumpier
Get Alerts AAPL Hot Sheet
Price: $165.00 -1.22%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.1%
Overall Analyst Rating:
NEUTRAL (= Flat)
Dividend Yield: 0.5%
Revenue Growth %: -4.1%
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Financial Times said that Apple is having an issue with development of its speculated iWatch design. The company is said to be tapping outside talent to help tackle challenges associated with creating the device, which may not even become available until late in 2014.
Apple might be acquiring smaller companies which have experience in the field and its looking to retain key employees for the iWatch project. Hiring has also been aggressive, said the FT.
Though executives at Apple haven't explicitly said it, signs point to the creation of a wearable computing device. The move comes as Google (Nasdaq: GOOG) has started to sell/test beta versions of its Google Glass computer, while smaller companies like Pebble have already developed a smart watch of sorts.
Shares of Apple are indicated lower early.
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