Apple Inc. (NASDAQ:AAPL) is due to reveal more details about its smartwatch later today, but many analysts, investors and general public has started to pour in their expectations and analysis about the smartwatch and if it has the potential to pull Apple Inc. (NASDAQ:AAPL) ahead in 2015. CNBC’s Jim Cramer talked on CNBC about his outlook for Apple Inc. (NASDAQ:AAPL).
Since the beginning of 2013, Apple Inc. (NASDAQ:AAPL)’s stock price has doubled and at this trend by the end of 2016, the stock price might double again. Cramer feels that it might happen. He said that he likes the idea of the watch from Apple Inc. (NASDAQ:AAPL). But he feels that if Apple Inc. (NASDAQ:AAPL)’s smartwatch just has some apps like the iPhone or iPad, it becomes too static and boring. He said that if the smartwatch could provide more to customer as a fitness tool then it might take the watch to a whole new level.
He added that the ability of a smartwatch to detect the blood pressure levels and alert the cardiologist about possibility of a heart attack is the holy grail in the smartwatch industry and he feels that if Apple Inc. (NASDAQ:AAPL)’s could get there with the smartwatch then $300 or $500 might be too cheap for its smartwatch.
He pointed out that Stamford Med is working on this technology to measure blood pressure through watch and alert the cardiologist about the same.
“[…] I think that you need to see it kind of this one island out there, but I like the idea of the watch, if the apps are good, we keep looking at the watch just static. We just say, ok here is what it has. If it has certain health initiatives, we all know it makes us less likely to have heart attack or it can detect Cancer and that’s where they are going. […] We all know that Stamford med is working on a blood pressure when they would literally signal to your cardiologist, you got to get in. They don’t have it yet, but if they get it, then what’s 300 bucks, what’s 500 bucks, nothing,” Cramer said.
Disclosure: None
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