Apple Inc. (AAPL)’s Hiring of Fashion Industry Talents Related to iWatch Launch

Apple Inc. (NASDAQ:AAPL) is up almost 1.5% amid the news that the US company is rapidly hiring executives from the luxury branding industry. The latest name is Patrick Pruniaux, the vice president of sales of the Swiss luxury watchmaker Tag Heuer. Apple has previously hired executives from the brands such as Burberry, Yves Saint Laurent, and Levi’s. CNBC‘s Josh Lipton and the FMHR crew discussed this news as well as the opportunities for Apple behind the launch of the smartwatch.

Apple Inc. (NASDAQ:AAPL)

The news has been interpreted by the analysts as a sign that company’s first ever smartwatch, the iWatch, can be anticipated later this year and sooner than previously thought. An analyst from the CNBC noted: “what this tells me, the latest hires, is that they probably have all the technology set for the iWatch and need the case and the design of it.”

The decision to bring in outside talent has been pointed out as being a remarkable “unwilling divorce from Steve Jobs” and Apple Inc. (NASDAQ:AAPL)’s ability to design its products. More questions have been raised about the timing of the iWatch. Analysts noted that the iWatch should not be launched at the same time as the new iPhone. The analysts see the new iPhone’s earning potential as stable, but are unsure about the demand the new iWatch will create.

Apple Inc. (NASDAQ:AAPL) is trading at the highest level since October 2012. Despite this, an analyst from the CNBC remarked that portfolio managers are still underweight relative to what they should be in Apple, which should see both the new iPhone 6 and the iWatch introduced later this year. However, other analyst argued that investors should not be long on Apple only because of the iWatch, because “smart-watches are not a huge product, and not the next iPad”. The analyst did not argue against being long in Apple Inc. (NASDAQ:AAPL)’s stock in general however, noting that being long in Apple because of the iPhone and its continued improvement in the software may be a good decision.

Disclosure: none

blog comments powered by Disqus
Insider Monkey Headlines
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months Click to see monthly returns in table format!

Lists

10 Most Influential Papers In Economics

Top 8 Biggest Charities in the US

10 Worst Celebrity Career Moves Ever

Top 10 Best Paid Tennis Stars in the World

10 Cities with High Demand for Nurses

6 of the Worst Greeting Card Messages Ever Crafted

6 Ways to Make Money in ArcheAge and Build Your Empire

10 Foods To Eat To Lower Cholesterol Levels

The 10 Most Hated Television Characters of All Time

The 30 Worst Halloween Costume Ideas Ever Brought to Horrible Life

10 Vocational Skills in Demand Today with Jobs Waiting to be Filled

10 Best Places to Visit in Central and South America

The 10 Greatest Empires in History Which Nearly Conquered the World

The 6 Cheapest Boarding Schools In America 2015

5 Clear Reasons LoL is Better than DotA, Continues to Rule MOBAs

The Only 9 Teams with a Chance to Win the Super Bowl

The 15 Most Common Phobias in America that Induce Fits of Panic

Top 6 Least Expensive Tourist Destinations in 2014

Jim Goetz, Peter Fenton, Jim Breyer: Top 6 Venture Investors for 2014

Top 15 Billionaires in 2014

5 Pitfalls To Avoid When Buying a Franchise

Top 20 Medical Schools in the US – 2014 Rankings

4 Business Strategies that Turned Jamie Oliver into the World’s Richest Chef

6 Qualities That Make You A Good Team Player

10 High Paying Seasonal Jobs in America this Holiday Season

The 10 Busiest Shipping Lanes in the World

5 Most Valuable Brands in China

The 10 States with Highest Substance Abuse Rates Crippling Their Populace

The Top 10 Things to Do Before You Die That Will Echo for Eternity

The 10 Best Selling Items on Etsy

Top 10 Things to Do in Tokyo, the Greatest City in the World

10 Mistakes on Social Media that Can Harm You and Will Probably Get You Canned

The 10 Best Cities to Find Jobs in 2014

The 10 Most Controversial Songs Of All Time to Hit (and get Banned from) the Airwaves

The 20 Biggest IPOs in US History

The 10 Best Places to Visit in Mexico that Are Beautiful and Safe

7 Bad Habits that Age You Beyond Your Years

The 40 Best Fortune Cookie Sayings That Will Leave You Bemused, Befuddled, or Beguiled

10 Foods to Eat Before a Workout to Make Every Drop of Sweat Count

The 5 Best Documentaries On Netflix You Must See

The Most Heartwarming and Inspirational Story Of This Halloween Season, It Will Make You Cry and Jump For Joy

10 Best Party Songs of All Time to Bring the House Down With

5 New World Order Conspiracy Theories that Will Strangle the World

The 10 Highest Rated Movies of 2014

The 10 Largest Container Shipping Companies in the World

The 10 Largest Armies in the World: Who Should We Be Afraid Of?

Best Warren Buffett Quotes on Money You Need to Hear

The 10 Highest Suicide Rates by Profession

The 20 Most Underrated Movies of All Time

The 10 Fastest Growing Companies in America

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 47.6% in its first year! Wondering How?

Download a complete edition of our newsletter for free!