Apple (AAPL) Could Focus on 'Smart' Home at WWDC
Get Alerts AAPL Hot Sheet
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
Revenue Growth %: +15.8%
Join SI Premium – FREE
Apple (Nasdaq: AAPL) will hold it's WWDC event next week and some are expecting at least one big announcement.
The Financial Times (FT) reported that Apple will make a bigger play into the smart home environment. The company might debut new software which would allow an iPhone to control things around the house like security systems, lights, and other appliances. One such case might have lights turning on automatically when the homeowner enters with their iPhone.
News comes following Google (Nasdaq: GOOG) moving to acquire smart device maker Next in a $3.2 billion deal earlier this year.
Apple's move might also prompt sales of more iOS-based devices, like Apple TV and/or an iPad.
One selling point for Apple will be its emphasis on privacy, something key with customers following recent tangles between Google (Nasdaq: GOOG) and regulators, not to mention data breaches at retail giants eBay (Nasdaq: EBAY) and Target (NYSE: TGT).
Apple is positive early Tuesday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Apple investigating exposure to Tata Electronics data breach, full analysis underway - Reuters
- XTEND wins $9M Middle East drone contract, adds two patents
- KGI Securities Downgrades Apple (AAPL) to Hold
Create E-mail Alert Related Categories
Insiders' Blog, RumorsRelated Entities
Definitive AgreementSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!



Tweet
Share