Newsletters
News & Information for Technology Purchasers NewsFactor Sites:       NewsFactor.com     Enterprise Security Today     CRM Daily     Business Report     Sci-Tech Today  
   
This ad will display for the next 20 seconds. Click for more information, or
Home Enterprise I.T. Cloud Computing Applications Hardware More Topics...
Eliminate costly downtime!
Find out how with Free White Paper
& enter to win a Samsung Galaxy Note

www.apc.com
Mobile Tech
Real-time info services with Neustar
Average Rating:
Rate this article:  
Could an Apple iWatch Be a Digital Wallet?
Could an Apple iWatch Be a Digital Wallet?

By Jennifer LeClaire
February 11, 2013 11:47AM

    Bookmark and Share
Whether an Apple smart watch would be a hit depends on what it could do. Beyond telling time and sending alerts from your iPhone to your wrist, an iWatch could contain sensors that would replicate what the Nike FuelBand or Jawbone Up do. An Apple version with connectivity to other Apple devices makes sense, said analyst Avi Greengart.
 



The rumors about an Apple iWatch just won't die. The New York Times and The Wall Street Journal both have new reports out about a Dick Tracy-like (or Inspector Gadget or James Bond, if you prefer) Apple experience on the wrist.

"The company has discussed such a device with its major manufacturing partner Hon Hai Precision Industry [Foxconn]," The Journal said. "Apple has been exploring the area for some time, according to the people briefed on the effort, and has hired employees with backgrounds in sensors and related technologies in recent years."

Although Apple declined to comment on the speculation, rumors are heating up about what an Apple iWatch would look like. So far, it's really the same story from December in which Tech163.com reported that Apple was in cahoots with Intel to build an iOS watch. The Chinese site said supply-chain resources had leaked details describing the watch as a Bluetooth-enabled device with a 1.5-inch OLED screen.

Could Apple Break Through?

Sources say Apple could roll the iWatch to the masses as early as the first half of 2013. It may be just a rumor, though. There's no indication that the late Steve Jobs, co-founder and former CEO of Apple, opined to Walter Isaacson or anyone else about a smart watch before he died.

"Over the long term, wearable computing is inevitable for Apple; devices are diversifying and the human body is a rich canvas for the computer," said Sarah Rotman Epps, a Forrester analyst who specializes in wearable computing and smartphones, told The New York Times. "But I'm not sure how close we are to a new piece of Apple hardware that is worn on the body."

Of course, an Apple smart watch wouldn't be the first wearable device on the market. But Apple wasn't the first smartphone on the market either. In other words, Apple could succeed where Microsoft, Sony Ericsson and others have failed with a new rendition of wearable technology -- or just with the Apple cache.

Imaginations Run Wild

Avi Greengart, an analyst at Current Analysis, told us he had no firsthand knowledge of an imminent iWatch, but the notion that Apple would create a product that would tap into its existing platforms -- iOS, iTunes and iCloud -- was at least plausible.

"If someone were to tell me Apple was working on Tastykakes, I would say that's non-plausible," Greengart said. "If they say Apple is working on a new version of their Apple TV box, I'd say I'm expecting that. The iWatch is somewhere between the two."

Whether it would be a mass hit depends, in part, over what an iWatch could do. Beyond telling time and sending alerts from your iPhone to your wrist, the product could contain sensors that would replicate what the Nike FuelBand or Jawbone Up currently do. An Apple version with native connectivity to an Apple app that runs on your iPhone or iPad might certainly make sense, Greengart said.

He also pointed to uses like authentication, storing passwords and physical access. Apple could tackle the RFID use case with an iWatch to offer a digital wallet. Indeed, there are many types of apps people probably haven't even thought of yet.

"I wouldn't presuppose you would buy or wouldn't buy the iWatch unless Apple actually comes out with the product, which is why people get all lathered up about speculating," Greengart said. "The product doesn't exist, so you can imagine it does anything."
 

Tell Us What You Think
Comment:

Name:



APC has an established a reputation for solid products that virtually pay for themselves upon installation. Who has time to spend worrying about system downtime? APC makes it easy for you to focus on business growth instead of business downtime with reliable data center systems and IT solutions. Learn more here.


 Mobile Tech
1.   BBM Now Available on Windows Phone
2.   Virgin Mobile Offers Custom Plans
3.   Asana Revamps Mobile App
4.   Android 'Fake ID' Puts Millions at Risk
5.   FTC Wants Fix for Mobile Cramming


advertisement
Android 'Fake ID' Puts Millions at Risk
Users: stick to apps from Google Play.
Average Rating:
Researchers Tout Battery Breakthrough
Lithium anode could triple capacity.
Average Rating:
Dell, BlackBerry Downplay Threat
Say Apple-IBM alliance can't hurt them.
Average Rating:
Product Information and Resources for Technology You Can Use To Boost Your Business

Network Security Spotlight
New 'Backoff' Malware Slips Undetected into Retail Systems
'Malicious actors' are using a new variety of malware to access consumer payment data remotely through point-of-sale systems, according to a report from the Department of Homeland Security.
 
IBM Beefs Up Identity Intelligence Security Solutions
Big Blue is betting big on identity intelligence. IBM just acquired a private firm with security software to govern user access to apps and data across cloud and on-premise environments.
 
USB Security Flaw Lets Hackers Hijack PCs
Hackers can use the firmware that controls USB functions to take control of computers, say security experts. That means there may be a new class of attack for which there are no defenses.
 

Enterprise Hardware Spotlight
AMD's ARM-Based Opteron Out in $3K Dev Kit
It's dubbed "Seattle" and it's AMD's first 64-bit ARM-based Opteron processor. The low-power chip is being released as part of AMD’s Opteron A1100-series developer kit, and aimed at high-end data center needs.
 
Apple Updates MacBook Pros, Cuts Prices Up to $100
The popular MacBook Pro laptop line just got an update and a price cut of as much as $100. The MacBook Pro with Retina display now includes faster processors and double the memory.
 
Dell, BlackBerry Not Sweating Apple-IBM Alliance
IBM's recent move to partner with Apple to sell iPhones and iPads loaded with corporate applications has excited investors in both companies, but two rivals say they are unperturbed for now.
 

Mobile Technology Spotlight
BlackBerry Messenger Now Available on Windows Phone
BlackBerry's free Messenger chatting and voice app is out of beta and widely available for Windows Phone users, the company said. BBM offers secure messaging, Groups, Voice, Channels and more.
 
Virgin Mobile Offers Custom Smartphone Plans
As the wireless carrier wars continue heating up, Virgin Mobile just threw the customization coal onto the fire. The firm has debuted a no-annual-contract plan with rates based on individual use.
 
Collaboration Provider Asana Revamps Mobile App
Asana, a collaboration software provider started by a Facebook founder, is now out with a rebuilt native iOS mobile app. It replaces one that even the company admits was not up to par.
 

Navigation
NewsFactor Network
Home/Top News | Enterprise I.T. | Cloud Computing | Applications | Hardware | Mobile Tech | Big Data | Communications
World Wide Web | Network Security | Data Storage | CRM Systems | Microsoft/Windows | Apple/Mac | Linux/Open Source | Personal Tech
Press Releases
NewsFactor Network Enterprise I.T. Sites
NewsFactor Technology News | Enterprise Security Today | CRM Daily

NewsFactor Business and Innovation Sites
Sci-Tech Today | NewsFactor Business Report

NewsFactor Services
FreeNewsFeed | Free Newsletters

About NewsFactor Network | How To Contact Us | Article Reprints | Careers @ NewsFactor | Services for PR Pros | Top Tech Wire | How To Advertise

Privacy Policy | Terms of Service
© Copyright 2000-2014 NewsFactor Network. All rights reserved. Article rating technology by Blogowogo. Member of Accuserve Ad Network.