Apple has firmly entrenched itself in the computing, music, smartphone and tablet markets and potentially the television market as well. One analyst thinks Apple could venture even further away from its Mac roots: into robots. UBS analyst Steven Milunovich, who initiated Apple coverage on Tuesday, rating shares “buy” with a $740 price target, suggested Apple could eventually move into the home robotics market. The analyst, however, noted this is probably more than a decade away. Milunovich explained that “robots for the home would represent a new category, require substantial innovation, and leverage Apple’s ease-of-use knowledge and brand.” Read the full story at Forbes.
About Shelly Palmer
Shelly Palmer is the Professor of Advanced Media in Residence at Syracuse University’s S.I. Newhouse School of Public Communications and CEO of The Palmer Group, a consulting practice that helps Fortune 500 companies with AI strategy, implementation and governance, as well as technology, media and marketing. Named one of LinkedIn’s Top Voices in Technology, he is a bestselling author, covers tech and business for Fox 5’s Good Day New York, is a regular commentator on CNN, and writes the popular daily business blog Think About This. Follow @shellypalmer or visit shellypalmer.com.