Tim Cook talks about Apple watch [Source: http://www.youtube.com/watch?v=zOvnHEs_SfE]
There has been a huge buzz around the recent announcement of Apple watch in the wearables segment. The watch has nicely packaged social, fitness, home, health and payments into a single device. It has a number of optical sensors, which along with an accelerometer would be able to measure an individual's activity and heart rate in detail. The apple Health app, along with the new developer tool called Healthkit, provides new ways of tracking these vital parameters and promoting a healthy regimen.
There is an interesting correlation between the cost of electronic devices like camera lenses, touch glass and fingerprint readers, once they have been incorporated into a mass market mobile smartphone. Studies have shown that the cost of such devices drop faster than Moore's law once a leading smartphone (e.g. iPhone, Samsung Galaxy, etc. have adopted it). What is studied less is that this price drop could have a huge impact on adjacent markets and spawn a new range of solution offerings, which was not possible before due to the high input cost of these devices.
For example, Apple watch could bring down the price of sensors and open up a new market for solutions like 'remote patient monitoring' for the healthcare sector. There have also been other health and fitness devices that have been launched recently, like Garmin Vivofit, Withings Pulse, Fitbit Smartscale, AirSonea, Tinke, Jawbone up24, Withings smart blood pressure monitor, Basis, etc. Hospitals and care providers could either work with these consumer devices or provide their own solutions and improve efficiencies and ultimately bring down the cost of healthcare. Now, that would be a fantastic future!