Apple has the potential to make big waves in health care

SourceCNBC
SectorHealthcare
CountryGCC

Apple has made some bold moves into health care, a market worth trillions globally. Most recently, it announced a blood oxygen sensor on the Apple Watch Series 6 and a partnership with the Singaporean government to incentivize Apple Watch users to be more healthy. But the company's strategy is a bit elusive as it walks the fine line between wellness and medicine.Apple has three areas of focus when it comes to health: hardware, like the Apple Watch, software, like the Health App and ResearchKit, and services, like Fitness+, Apple's newest subscription service. Most of these devices and services revolve around the iPhone ecosystem. While iPhone sales are still the majority of Apple's revenue, wearables and services are quickly picking up steam. iPhone sales have increased an average of about 4% quarter-over-quarter, ...read more...