Everyone wants to think the future of Apple (NASDAQ:AAPL) and wearables is pumping out some smart watch. In fact, several media reports on Friday reported that Apple is tentatively planning an event in October to announce a wearables product. But that's the conventional approach -- and Apple has always done well by being a bit unconventional.
This is why Apple's Health Kit, which is recently introduced at its World Wide Developers Conference, is so brilliant: It allows companies to develop products that can be used with the iPhone to track health data, under one smartly designed application named Health. That allows users to get a full picture of their health, will help create a market for more specialized health werables, and potentially even has large implications for the broader health care industry. At WWDC, Apple put up a slide with over 20 health-care providers it's already working with so doctors could use data from Health Kit.
While Apple won't directly make money from the introduction of Health Kit, the indirect opportunity is that a central health management app like Health strengthens iOS, giving users more incentive to switch to or continue using iPhones and iPads.
In the following video, The Motley Fool's Alison Southwick talks to Fool tech analyst Eric Bleeker about Apple's suave move into the wearables market and what it might mean for a future iWatch.
Are you ready for this $14.4 trillion revolution?
Have you ever dreamed of traveling back in time and telling your younger self to invest in Apple? Or to load up on Amazon.com at its IPO, and then just keep holding? We haven't mastered time travel, but there is a way to get out ahead of the next big thing. The secret is to find a small-cap "pure play" and then watch as the industry -- and your company -- enjoy those same explosive returns. Our team of equity analysts has identified one stock that's ready for stunning profits with the growth of a $14.4 trillion industry. You can't travel back in time, but you can set up your future. Click here for the whole story in our eye-opening report.
Alison Southwick and Eric Bleeker, CFA, have no position in any stocks mentioned. The Motley Fool recommends and owns shares of Amazon.com and Apple. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.