Apple Inc. (AAPL) Watch Can Help Users Get Discounts From Insurance Companies: Pete Pachal


Apple Inc. (NASDAQ:AAPL)’s Watch is on its way to the markets. But it seems it will have to cross many hurdles before appearing in the stores. In a recent development, Federal Trade Commission has asked an explanation from Apple Inc. (NASDAQ:AAPL) on how exactly it will gather health data and information about users of Watch. In a program on Fox Business, Mashable Tech Editor Pete Pachal talked about technical details of Apple’s Watch system.

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Pachal thinks that health tracking devices are around for some years now. Some devices track steps while others tack sleeping and eating habits. What Apple Inc. (NASDAQ:AAPL) has brought to the table is the unique ability to share the information between multiple devices, apps and software. This, Pachal thinks, is what worries FTC the most. This sharing of information between the systems is the vector towards privacy concerns.

Pachal said that sharing of data related to health can be of tangible benefits for different companies and users as well. For example, a health insurance company can give discounts to a user if he can prove to the company that he runs a mile daily. The Watch data is a sound way to show the data to the health companies. Pachal thinks that the key aspect in  this scenario is that all should depend on user’s choice. No company, including Apple Inc. (NASDAQ:AAPL), should be able to take away any kind of user data without permission.

FTC might get harsh by the time but currently, it has asked just the technical aspects regarding data fetch dynamics of Apple Inc. (NASDAQ:AAPL)’s Watch. Regulatory authorities will have to gracefully degrade their harsh policies in order to let the tech companies and users enjoy the features and devices that are not clearly a threat to personal data.

 Apple’s iPhone is one of the top selling smartphones of 2014Carl Icahn‘s Icahn Capital hold around 52.8 million shares of  Apple Inc. (NASDAQ:AAPL).

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