Apple's Next Gadget?

By Chris Hill – Oct 23, 2013 at 6:50PM

NASDAQ: AAPL

Apple

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Price as of April 19, 2024, 4:00 p.m. ET

Why wearable tech may be Apple's next move, and why the smart watch may not be.

The following video is from Wednesday's Market Foolery, in which host Chris Hill and Motley Fool analysts Matt Argersinger and Jason Moser give their Foolish take on the biggest investing stories of the day.

Apple (AAPL -1.22%) held its iPad event yesterday, unveiling the next generation of its iPad and iPad Mini, among other software and hardware upgrades. Shares, however, stayed generally flat on the news. In this segment, Matt and Jason discuss the future of Apple as a stock and talk about why the next innovation from Apple may be something closer to fitness-focused wearable tech like the Nike (NKE -1.26%) Fuelband, rather than something like a smart watch.

Chris Hill has no position in any stocks mentioned. Jason Moser owns shares of Under Armour and Nike. Matthew Argersinger owns shares of Apple and also has options on Apple. The Motley Fool recommends and owns shares of Apple, Nike, and Under Armour. 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.