When Apple (NASDAQ: AAPL ) hired back Paul Deneve from Yves Saint Laurent, it was sending a message to Wall Street and competitors that it aims to own the market for wearable computing, Fool contributor Tim Beyers says in the following video.
Previously, Deneve worked in European sales and marketing. Now he's part of a special projects team that includes Bob Mansfield, who for a time had been Apple's technology chief. All signs point to the Mac maker building a more focused alternative to Google's X laboratory, which is best known for creating the Google Glass interactive spectacles.
The opportunity is huge when you consider what could be, Tim says, especially when you imagine every accessory or article of clothing including some sort of computing function. Aesthetics would become extremely important at that point -- a huge win for Apple, whose brand has come to represent leading-edge electronics design.
But that's also assuming CEO Tim Cook has the skills to wrangle a team capable of cashing in. Will Deneve, Mansfield, and their band of fellow recruits develop the first post-Jobs breakthrough gadget? In the video, Tim says he's expecting nothing less. What about you? Leave a comment to let us know what you think of Apple's stock and strategy.
And if you don't have a good answer, don't worry: The Motley Fool recently created a free report titled, "5 Secrets to Apple's Future." Inside you'll learn the long-term buy and sell indicators our top analysts are considering for Apple today. Simply click here now for free access.