Apple Inc. (NASDAQ:AAPL) is lining up a series up product launches in the next few months, like larger screen phones, smartwatch and Payment service. Most of these products have already started creating excitement among the consumers. David Kudla, CEO and Chief Investment Strategist at Mainstay Capital Management, talked on CNBC about Apple’s new products and their Ecosystem in general.
Kudla pointed out that the consumers are looking forward to the three Apple Inc. (NASDAQ:AAPL) products, iPhone 6, Apple Watch and Apple Pay. He mentioned that the upgrade to larger screen was unavoidable in order to compete against phablets from Samsung and other companies. He added that the Apple Pay product might have significant contribution towards Apple Ecosystem.
“[…] People are looking at these as one of product lines and it’s important to remember the part that they play in Apple Ecosystem is Apple continues to envelope the person with the Internet of Things. […] For those who want to maintain staying in that Apple ecosystem, they will pay up and we will see these products do well,” Kudla said.
Apple Watch requires an iPhone paired onto it, which Kudla thinks as the biggest disappointment to the consumers initially. But he feels that this move might promote the Apple Inc. (NASDAQ:AAPL) ecosystem and help out the organization eventually. People who would like to embrace that ecosystem would definitely go for it and purchase it. Apple Watch’s price tag starts at $349 in US and expected to hit the market in early 2015.
Kudla said that the increased popularity to health and fitness would attract many to utilize the fitness tracking features of Apple Watch. Apple Inc. (NASDAQ:AAPL) were pretty much ahead of the competitors with their iPhones and iPads and captures a big chunk of market share with it. But, they are not the first ones to the smartwatch market as the companies like Samsung and Sony have already launched their smartwatches.
“They are behind the curve in a couple of areas. Certainly, with the iPhone 6 and 6+ that was essentially to get to the larger screen size, the phablet screen size that Samsung has had for some time. With the Apple watch, yes there are other smartwatches in the space, but, they haven’t been received quite that well. They are really not getting that traction and Apple stands a better chance […],” Kudla said.
One of the top shareholders of Apple Inc. (NASDAQ:AAPL) is the Ichan Capital Lp, managed by Carl Ichan. As of 30 June, 2014, they hold around 52.8 million shares of the company.
Disclosure: None
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