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Technology Stocks : Investing in Exponential Growth

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From: Paul H. Christiansen8/5/2017 11:31:00 PM
   of 1084
 
Apple Plans to Release a Cellular-Capable Watch to Break iPhone Ties



Apple Inc. is planning to release a version of its smartwatch later this year that can connect directly to cellular networks, a move designed to reduce the device’s reliance on the iPhone, people familiar with the matter said.

Currently, Apple requires its smartwatch to be connected wirelessly to an iPhone to stream music, download directions in maps, and send messages while on the go. Equipped with LTE chips, at least some new Apple Watch models, planned for release by the end of the year, will be able to conduct many tasks without an iPhone in range, the people said. For example, a user would be able to download new songs and use apps and leave their smartphone at home.

Intel Corp. will supply the LTE modems for the new Watch, according to another person familiar with the situation. That’s a big win for the chipmaker, which has been trying for years to get its components into more Apple mobile devices. Qualcomm Inc. has been the main modem supplier for iPhones and other Apple mobile gadgets, but the two companies are embroiled in a bitter legal dispute. Apple added Intel as a modem supplier for some iPhones last year.

bloomberg.com

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