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Health Technology: Samsung, Apple and Google Face Off

With a focus on medical data, consumer tech stocks are turning into health stocks

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Apple Health Technology

Look no further than WWDC 2014 with the announcement of iOS 8’s Health app and HealthKit to see how serious Apple is getting about healthcare technology. When the operating system powering Apple’s iPhones and iPads is released this fall, users will even be able to display their emergency medical information as their lock screen…

Healthcare Technology a major focus with AppleHealth app
Source: Apple

Source: Apple

Health is an app that aggregates data collected by compatible fitness apps and sensors. HealthKit is the API (that’s application programming interface for the laymen out there) that lets developers share this information, and then data is stored on Apple’s cloud. Doctors could even be part of the loop, giving them access to a patient’s biometric data like heart rate and calories consumed.

What’s missing from the Apple health technology picture, of course, is hardware of its own.

The company is known to be working on a smartwatch –the so-called “iWatch”– and this device may have sensors that let it track medical and fitness data. Apple isn’t confirming anything about the iWatch, but Nike (NKE) appears to be having doubts about its popular FuelBand fitness band’s future, laying off developers in what could be a move to exit the hardware business in anticipation of Apple’s iWatch being a threat.

Article printed from InvestorPlace Media,

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