Apple Inc (NASDAQ:AAPL) next wave of growth could very well come from IOT and Augmented Reality devices and applications. With IOT devices set to breach 20.4 billion connected devices by 2020 worldwide companies are drawing up their game plan, in line with the projections the latest trends indicate Apple Inc (NASDAQ:AAPL) is moving away from its dependency on iPhone for its growth which is a good indicator.
Alphabet Inc (NASDAQ:GOOGL) recently announced launch of its IOT core platform which is in direct competition with Microsoft Corporation (NASDAQ:MSFT) Azure IoT Suite. Alphabet Inc (NASDAQ:GOOGL) already has a lead in IOT and Augmented reality applications over Apple and Microsoft Corporation (NASDAQ:MSFT) with its natural language processing (NLP) and image recognition technologies. Alphabet Inc (NASDAQ:GOOGL) is also actively partnering with hardware manufactures like ARM, Intel and Marvel.
IOT devices are set to take over our world form water meters to consumer electronics to fishing fleets to your traffic lights which will switch to connected divises to increase productivity and streamline opperations. ARKit might be the next revolution from Apple Inc (NASDAQ:AAPL). While Amazon.com, Inc (NASDAQ:AMZN) Web Services and Microsoft Corporation (NASDAQ:MSFT) are aggressively been vocal about their IOT plans, Google has been silent. Alphabet Inc (NASDAQ:GOOGL) already holds the key to many IOT and AR technologies such as machine learning, image recognition and natural language processing.
Alphabet Inc (NASDAQ:GOOGL) says its IOT Core is designed to connect millions of globally dispersed devices into a single system and is part of a broader IOT solution is been working on. The recent announcements of Augmented Reality developer kit, Apple Inc (NASDAQ:AAPL) File System and Machine Learning developer tool give you clues on Apples road map and how it expects to meet future challenges and be ready for the next technology revolution of IOT and Augmented Reality.
Apple Inc (NASDAQ:AAPL) recent earning report also indicate that Apple is moving away from its dependency on new iPhones and iPhone sales. Compared to iPhone sales, Apples services business showed strong growth. Revenue form service business recorded growth of over 22% year on year while iPhone growth clocked at 3%, a slight increase from 2% year over year.