Google Getting Into Wearables
The iPhone has been a Godsend and a Devil for Apple as they know they must start to generate revenue
by other means. In addition to Apple Service, the Apple Watch is the future at Apple.
The Apple Watch was equipped with heart rate sensor in 2015 and since then, added an electrical sensors with the capabilities to perform an electrocardiogram (ECG) and fall detection. The Apple Watch will allow Apple to move into Healthcare, which will all them to selling more high-margin hardware and expand Apple Service.
Wearables are becoming an increasingly important category of hardware technology for big players like Apple Inc. Thus, I wasn’t surprised when Fossil, the watch maker, announced it plans to sell technology related to its high-end watches to Google. Google will pay $40 million to Fossil in exchange for intellectual property needed to make the watches.
Google has a lot going for itself. We all know about their search engine, but did you know there are one of the leading companies in driverless cars (Waymo) and artificial intelligence, which are both the new technology frontiers.
So with so many things going for itself, lets go to the charts to see where price might be headed next.
The 26 simple moving average (orange line) represents 1/2 year. The last time the 26 SMA line significantly sloped down was in 2015. The 26 SMA sloping down, with the 13 SMA crossing down under the 26 SMA denotes bearish pressure in the stock.
What you will also notice is a head and shoulder formation, also denoting bearish pressure.
Thus, the line in the sand that I'm watching is the $975 level because that level was prior resistance, which is now support. If price closes below that level on the weekly chart, the chart suggest further downside.
This post is my personal opinion. I’m not a financial advisor, this isn't financial advise. Do your own research before making investment decisions.
Unfortunately for Alphabet shareholders, they have not been very successful on much other than their search engines and mobile OS Android! It seems as if they continue to that swings to the fences with little success lately. There could be a time of hurt if the core business slow down and these innovative ones fail to offset the losses.
Posted using Partiko iOS
Which is why they are branching out into other areas. They are doing what Apple should of done years ago and not put all their eggs in one basket.
I have been considering purchasing the new Apple Series 4 watch after reading all of the cool features such as the heart monitor and fall sensor that calls 911 if you have a hard fall. These features in a watch especially the fall sensor could save many lives if anyone has a bad fall or other medical issue when no one is around. If someone is wearing the watch when something like that happens it could notify the authorities and save lives. These kinds of devices will be very beneficial for elderly people that live alone and are more prone to accidents. Smart wearables that have medical applications will be the future of watches and other wearable items and will only become more useful as the tech advances further.
Agree, great device or people like my aging mother as I'm in the market now looking at devices for my mother. I think the watch has the potential to be as big as the iphone as the population ages.
How I wish I am the owner of Google. The owner must have really made great tons of money from the search engine
BILLIONS!!!
Congratulations @rollandthomas! You have completed the following achievement on the Steem blockchain and have been rewarded with new badge(s) :
Click here to view your Board
If you no longer want to receive notifications, reply to this comment with the word
STOPTo support your work, I also upvoted your post!