If Warby finalizes its talks with Google then the investment capital from American Express Company (NYSE:AXP) will allow the company to grow and keep up with demand for Google Inc (NASDAQ:GOOG) Glass. Warby will be able to design many variations of the product that will appeal to a wide range of consumers from techies to celebrities.
If Warby Parker partners with Google the implications would be infinite. Imagine paying for your espresso or matcha tea with an American Express app built just for Glass. This finance app could eliminate customers carrying their American Express Company (NYSE:AXP) card with them to make financial purchases. American Express right now offers the Black AMEX card for exclusive customers by invitation only; I can already see an exclusive Black AMEX Google Inc (NASDAQ:GOOG) Glass line for the high-net-worth individual that’s designed by Warby Parker.
Future forecast for Google Glass?
The first iPad was released by Apple Inc. (NASDAQ:AAPL) on April 3, 2010 and retailed between $499.00 – $829.00. The first generation iPad sold three million units in the first 80 days and Apple Inc. (NASDAQ:AAPL) ended 2010 with 15 million units sold, not bad for a highly anticipated product. From April 2010 to April 2012 Apple Inc. (NASDAQ:AAPL) has sold a total of 84 million units.
Research firm IHS has predicted 9.4 million units sold between 2012 and 2016. Shipments for 2013 are expected to be 124,000 units sold to developers for Google Glass. Demand for 2014 for Glass is projected to increase by 250%. New Glass apps to be created by Apple will only increase the sales potential with sales rising to 6.6 million units by 2016. To successfully sell Google Glass, the price will of course have to be decreased to make it affordable for the general public.
BI Intelligence, the research firm for the mobile industry, has projected if the price of Google Glass is reduced to $619.00 – $799.00. Sales could hit 25,000,000 units by 2019, which would amount to a $29 billion profit for Google Inc (NASDAQ:GOOG).
Google Glass could become as game changing as the cellular phone that was first introduced to businessmen and doctors in the 1990s, before sales exploded due to consumer demand.
The article The Future of Mobile Technology originally appeared on Fool.com and is written by Robert Palmer.
Robert Palmer has no position in any stocks mentioned. The Motley Fool recommends American Express and Google. The Motley Fool owns shares of Google. Robert is a member of The Motley Fool Blog Network — entries represent the personal opinion of the blogger and are not formally edited.
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