TribLIVE

| Business

 
Larger text Larger text Smaller text Smaller text | Order Photo Reprints

Apple's next trick? Wearable tech, analyst says

Email Newsletters

Click here to sign up for one of our email newsletters.

On the Grid

From the shale fields to the cooling towers, Trib Total Media covers the energy industry in Western Pennsylvania and beyond. For the latest news and views on gas, coal, electricity and more, check out On the Grid today.

Daily Photo Galleries

By The Los Angeles Times
Wednesday, Jan. 2, 2013, 7:26 p.m.
 

Apple's next big venture could be wearable technology, starting with a “smart watch.”

Piper Jaffray analyst Gene Munster said on Wednesday he expects Apple to jump into the wearable tech market some time in 2014 or beyond.

“We believe that wearable computers will ultimately be a major future trend,” Munster said in a note to investors. “Longer term (over the next 10-plus years), wearable computers could eventually replace the iPhone and smartphones in general.”

Munster's predictions occur on the heels of rumors last week that the Cupertino, Calif., tech giant is working with Intel on a Bluetooth watch that would work with the iPhone.

Besides wearable tech, Munster also had quite a few other Apple predictions.

He said he expects Apple to start selling a TV in time for the next holiday shopping season, priced between $1,500 and $2,000. The model would have a screen measuring between 42 and 55 inches and include Apple's Siri and FaceTime features.

In addition to a full TV, Munster also said he expects Apple to update its Apple TV device and introduce a TV app store in early 2013. Around the same time, Munster said he expects Apple to release a radio service, which Apple is reportedly working on.

Additionally, Munster said he expects Apple will bring its high-resolution Retina display technology to at least two more of its products. He said the first would be the iPad mini, with a Retina model in early 2013, and then the MacBook Air laptop, with a Retina model in the summer.

Apple stocks closed at $549.03, up $16.87.

Subscribe today! Click here for our subscription offers.

 

 


Show commenting policy

Most-Read Business Headlines

  1. Mylan shareholders approve $34 billion hostile takeover bid for Perrigo
  2. Regulators expect lawsuit over oil, gas rules process
  3. Clean Air Council challenges Sunoco Pipeline’s public utility status
  4. GNC chief Archbold touts tailored mail promotions
  5. BNY Mellon works to overcome computer glitch in investment calculations
  6. Board ruling boosts efforts for fast-food collective bargaining
  7. Stocks, oil prices regain ground after steep 6-day sell-off
  8. Rankings: CEO pay 200 times median
  9. Marcellus shale drillers, Pa. settle 3 cases of fouling water supplies, pay $374K
  10. A handful of tech startups plan big changes to the auto industry
  11. Google rejects European Union antitrust charges over search results