Apple Inc. (NASDAQ:AAPL)’s stock are already trending high this year, up almost 20% year-to-date and more than 44% over the past one year. However, the company continues to be a source of good news that could further push the stock upward. The company is expected to launch its iPhone 6 and iOS 8 in about a month’s time. In a segment on CNBC, the Squawk Alley” crew and investor Kevin O’ Leary discussed Apple’s push into healthcare with HealthKit software.
“HealthKit is incredibly important and it’s separate from the health app that is going to be kind of a dashboard for all the health information you are getting in from various sources. HealthKit is a software that allows these various apps to share all information controlled by the user. The user will get to decide; ‘I want to share my blood pressure information with this app. I want to share it with my doctor,’ etc., and if they can get into apps like Epic’s MyChart, which a lot of health providers use. If you get your blood test done, your cholesterol information goes into MyChart […],” Jon Fortt said.
In this way, Healthkit would be great for any potential device that Apple Inc. (NASDAQ:AAPL) comes up with.
On his part, O’Leary stated that Apple Inc. (NASDAQ:AAPL)’s HealthKit is tool right on trend, and it appears to have a huge potential. He pointed out the big aging population and how people don’t hesitate to buy devices that can help them manage their lives better and keep healthy.
He also revealed that one of the reasons he owns pharma companies is that he looks at his own intake of pills, meaning that the companies make a lot of money from the fact that people like to keep healthy, which is why Apple Inc. (NASDAQ:AAPL) is going to succeed with Healthkit.
“You give me anything to help me manage my life and keep myself healthy I’m a buyer. I think it is going to be huge with the aging population following me down that road […],” stated O’Leary.