Monday's presentation by Apple boss Tim Cook revealed that the Apple Watch is a less useful, less compelling, and less user friendly version of the iPhone. But people also sniggered at the iPad back in 2010, when it wasn't clear why users would want a device that was less useful than a laptop and had less connectivity than a mobile phone.
investing in technology
- Apple Watch Could Be the iPad of 2015
- Intel (Nasdaq: INTC) Stock Looks to Revive with Wearable Technology
- After Saving My Life, This Technology Will Save Your Retirement
- Buy, Sell or Hold: Is Rackspace's Cloud Being Vaporized?
- Best Investments 2013: 28% Gain a Preview of What Cybersecurity Can Offer
- The Six Questions that Can Make You Rich (Part Four)
Avid fans flocked to the iPad nonetheless, and they'll probably drive demand for the watch - meaning Apple's unusual dual stature as the biggest cap company on the planet and a doyenne of hipsters will remain intact.
With revenues mostly stagnant for the past four years, Intel has been in dire need of a growth market. And with wearable technology, the iconic chipmaker may have found exactly what it needs to revive its stock for the long term.
The technology I want to tell you about today is one of my best investment ideas. And not just because it saved my life.
I’m talking about “location-based services,” the technology that allows your smartphone to show where you are … or tell you where you need to go.
It’s a technology that has double-your-money profit potential because of all it can do. It can help you find the nearest retail sale, guide you to the seafood house where you have reservations, or get you to a hotel for a good night’s sleep.
It can also help you avoid costly navigation errors – and not just in a car. And the drama involving location-based-service technology doesn’t end there.
Dark clouds are ahead for the number two cloud computing provider after its stock has plunged 45% this year. See if David Mamos thinks RAX can find blue skies ahead.
More evidence of why cybersecurity is among 2013’s best investments came Tuesday with Cisco’s deal to buy Sourcefire. Here’s why you can’t afford to miss this trend. Read more...
This week, we focus on three practical questions that can make the average investor a lot of money in the early waves of innovation. All of these questions word together for one purpose.
By answering "yes" to all six questions, you can dramatically increase the probability of a successful technology investment and return on your shares. And best of all, you can identify the winning companies that are poised to profit in the few key sectors that we've identified.
Our fourth question for technology investing is very simple:
Can this technology harness the power of other innovations to maximize its performance and sales?
When exploring this question, it's important to understand how a new technology reaches its full potential. To maximize its potential, a technology must first have the capacity to fulfill what we identified in our first three questions. It must accelerate the speed and transfer of physical goods and trade. It must expedite the flow of information and capital, and provide more "bang for your buck."
But this fourth question requires that the new technology integrate with other technologies that already exist, and make it possible to harness emerging innovations in a high-tech world. This is how we take an existing success and identify just which company is going to lead to a major global breakthrough.
And there's one primary example that can provide the greatest lesson in the recent digital revolution.