Apple Stock Prediction: Gadgets For Diabetes Management Could Provide Apple A New Source Of Revenue
The article was written by Motek Moyen Research Seeking Alpha’s #1 Writer on Long Ideas and #2 in Technology – Senior Analyst at I Know First.
AAPL Stock Prediction
Apple is reportedly testing a smart band for blood glucose level monitoring. The said smart band will allegedly work as an add-on for the Apple Watch.
A smart band for diabetics to continuously monitor their blood sugar level offers plenty of economic potential for Apple.
There are more than 422 million people around the world that suffers from diabetes. That’s a huge market for wearable blood sugar tracker.
Selling diabetes-focus smart bands helps Apple lessen its dependency on iPhone sales.
AAPL has strong buy signals from the market trend algorithmic forecasts of I Know First.
Apple (AAPL) is set to make some money on its upcoming smart band for blood sugar level tracking. CNBC reported that Tim Cook himself is testing a non-invasive glucose monitoring device. I appreciate this latest foray for diabetes management. There’s more than 422 million people around the world that suffers from diabetes. Apple could sell a $99 or $149 non-invasive blood sugar level tracker and I expect it to easily sell 20 million units per year.
Look at the chart below that the World Health Organization (WHO) published last year. WHO emphasized that the population of diabetes-stricken people are on the rise too. The increasing sedentary lifestyle of people will continue to contribute to the diabetes epidemic.
Apple’s entry as a vendor that will help diabetes sufferers is therefore judicious. The future economic con Continue reading