Many are recommending that people snatch up their stocks in Google and other wearable technology companies.
At a time in which the markets have fallen by nearly double digits and with high-beta tech stocks plummeting the fastest, many investment experts are now saying that this is the best time to grab hold of stocks in wearables, before they truly take off at an explosive rate.
Wearable technology is on the cusp of heading upward at a staggering pace, which presents a massive opportunity.
The upcoming revolution in wearables has become especially clear now that Apple has unveiled its own piece of the market. Nearly all of the largest electronics and mobile devices brands have now either launched a product in this category, have unveiled one that will soon be available for sale, or have announced that they are working on one that will make it into the spotlight in the future. Some large players, such as Samsung, have already been in the market for some time and have released several generations of these devices.
That said, wearables are only just now reaching the point that consumers are going to start buying.
As the stocks for these companies are currently drooping and the industry remains at the point where it is getting ready to mature beyond its earliest infancy, many are seeing this as the ideal opportunity to invest in the game and then watch the stocks continue to climb from now until at least the 2020s.
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With Apple Watch and Google Glass drawing the attention of a more mainstream market toward the wearable technology category, this is now starting to grow beyond the earliest adopters. While some in the industry believe that smartwatches, as they are, will never take off, others believe that it won’t be long before the next big product will be released, which will make those gadgets even more popular than smartphones are, today.
This has become especially important as we have reached a time in which the sales of smartphones are slowing, as the majority of consumers have already purchased one. Therefore, as the next big movement in mobile technology is sought, it appears as though wearables could suddenly start to step onto that podium and may soon become the next “need to have” item.