Technology giant Apple (NASDAQ:AAPL) used its World Wide Developers Conference to usher in what's likely to be its next great wave of technological innovations.
Apple's Health app and HealthKit laid the foundation for the eventual launch of Apple's oft-discussed iWatch later this year. However, while the iWatch might enjoy more attention from the mainstream media these days, Apple's HomeKit smart home software could ultimately prove to be the greater financial driver for Apple investors in the years to come.
Apple's HomeKit: More ambitious than you might think
Recently a number of reports have surfaced that Apple is currently developing prototypes for several advanced hardware devices that would all be connected by HomeKit.
This news probably shouldn't come as a huge surprise for Apple aficionados. Apple has repeatedly created powerful software ecosystems around which it can sell its high-margin hardware offerings since the introduction of iTunes and the iPod in the early 2000s. And while there has been little in the way of specifics as to exactly what kind of advanced hardware devices Apple currently has in development, the prospect that Apple will create yet another powerful, multi-device ecosystem around the connected home presents another compelling bullet point in the argument that Apple's long-term growth prospects might be more robust than many investors realize. Tech and telecom specialist Andrew Tonner offers his take in the following video.
How you can profit from Apple's other upcoming billion-dollar device
Apple recently recruited a secret-development "dream team" to guarantee that its newest smart device was kept hidden from the public for as long as possible. But the secret is out, and some early viewers are even claiming that its everyday impact could trump the iPod, iPhone, and the iPad. In fact, ABI Research predicts that 485 million of these devices will be sold per year. But one small company makes this gadget possible. And its stock price has nearly unlimited room to run for early in-the-know investors. To be one of them, and to see Apple's newest smart gizmo, just click here!
Andrew Tonner owns shares of Apple. The Motley Fool recommends and owns shares of 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.