Apple has firmly entrenched itself in the computing, music, smartphone and tablet markets and potentially the television market as well. One analyst thinks Apple could venture even further away from its Mac roots: into robots. UBS analyst Steven Milunovich, who initiated Apple coverage on Tuesday, rating shares “buy” with a $740 price target, suggested Apple could eventually move into the home robotics market. The analyst, however, noted this is probably more than a decade away. Milunovich explained that “robots for the home would represent a new category, require substantial innovation, and leverage Apple’s ease-of-use knowledge and brand.” Read the full story at Forbes.
Could Apple Start Making Robots?
Author: Shelly Palmer
Shelly Palmer is Fox 5 New York's On-air Tech Expert (WNYW-TV) and the host of Fox Television's monthly show Shelly Palmer Digital Living. He also hosts United Stations Radio Network's, Shelly Palmer Digital Living Daily, a daily syndicated radio report that features insightful commentary and a unique insiders take on the biggest stories in technology, media, and entertainment. He is Managing Director of Advanced Media Ventures Group, LLC an industry-leading advisory and business development firm and a member of the Executive Committee of the National Academy of Television Arts & Sciences (the organization that bestows the coveted Emmy® Awards).