Apple Wants to Control Your Homehttp://www.fool.com/investing/general/2013/11/13/who-says-apple-is-not-innovating.aspx Mark Morelli
November 13, 2013
Much has been written about the perceive decline of innovation at one tech giant, well-known for its top-selling and revolutionary consumer gadgets.
In spite of being acknowledged as one of the most innovative companies around, some people claim that Apple (NASDAQ: AAPL) is losing its touch. They write that the company has not released a truly innovative product since the passing of Steve Jobs in 2011. The iPad, first sold in 2010, might have been the last great thing to come out of Cupertino according to many.
However, recently Apple filed a patent which could change the innovation perception, and reverse a recent slow growth trend. It's long-winded title is "System and method of determining location of wireless communication devices/persons for controlling/adjusting operation of devices based on the location."
This could mean good things for patient, forward-thinking investors.
All of the gadgets and appliances in your home or office might someday be controlled by simply walking in and out of a room carrying an "enabled" device, which would be provided by Apple of course.
The diagram below, obtained from the actual patent that Apple received, No. U.S. 8,577,392 B1, shows the Apple vision. Included are some current Apple products such as the iPhone, iPad, and Mac. Other components would have to be developed or modified to accept WiFi or Bluetooth communication. You might be able to buy a smart stove or lamp someday.
Source: U.S Patent Office
Apple is hoping that releasing new products intended to control things in your home or office will translate into similar success (and profits). Investors with an eye out for the future can succeed along with the company. Keep a lookout on progress against the patent.
Internet of things
The network router giant Cisco Systems (NASDAQ: CSCO) has been envisioning this setup for some time now and is generally regarded as being tops in the field.
Performance has generally been positive lately. Revenue and earnings have for the most part grown moderately over the past five years.
To keep the growth going Cisco plans to invest some of those earnings in development of new hardware and will fund start-ups in the intelligent network arena.
Cisco might be a stock to consider based upon future success in connecting things together.
No interconnected system on the scale of an intelligent home network can function without lots of number crunching and storage. And no company is bigger in the processing of large chunks of information, commonly referred to as big data, than IBM.
The company is betting on big data to revitalize slow revenue growth, which has been basically flat for the past 10 years. Expansion into a completely new market, the I