Investors have been pressing for Apple (AAPL) to find their "next big hit," whether it's the car, Apple Watch, or something else. If CEO Tim Cook's comments about augmented reality (or mediated reality) are an indication, the next hit may be closer than initially thought.
Bloomberg reported that Apple is considering working on wearable glasses, almost the same with Google Glass, which could "connect wirelessly to iPhones," and show images and "other information" in the field of vision.
Google Glass failed as a consumer product, but has taken on new life as a product in enterprise, particularly medicine. This is very different then how people acted with Google Glass, suggesting that the technology is getting closer to being accepted, if it isn't already.
Cook has made several comments in recent months about the prospects of AR and how it will fit into our daily lives.
“AR is going to take a while because there are some really hard technology challenges there, but it will happen in a big way, and we will wonder when it does, how we ever lived without it. Like we wonder how we lived without our phone today”, Cook said in the conversation.
Meanwhile, as 2016 winds down, it is clear that this year’s U.S. initial public offerings — or IPOs — are running well behind the pace of 2015. Tom Taulli, who writes the IPO Playbook blog at InvestorPlace, says several factors might be slowing the IPO market, including the presidential election.
Taulli thinks things could pick up in the first quarter of 2017. As the new year approaches, following are some of the most anticipated 2017 IPOs.
Zacks reported that Airbnb could be the biggest IPO of 2017. The company is a dominant player in the peer-to-peer rental of housing units on a temporary basis. Zacks reported that Airbnb has more than 2 million worldwide listings. Rumors of an impending IPO dating back to 2014, according to Zacks, which said the company has the potential to be one of the hottest upcoming IPOs.
Snapchat is a popular photo messaging app. Some sources — including Taulli — have speculated that Snapchat might launch its offering as soon as the first quarter of 2017. The firm has not yet filed the paperwork for the IPO, however.
Uber’s IPO has been speculated about for many years. However, U.S. News and World Report recently reported that recent losses have taken some of the luster off the company. Equidate reported that the valuation of Uber stands at about $68.5 billion after its latest round of funding. Time will tell if this IPO happens in 2017, or remains the subject of speculation into the future.
Spotify is a music streaming service. Equidate values it at $8.1 billion after its last round of funding in 2015. Earlier in 2016, Spotify raised $1 billion in convertible debt, the Wall Street Journal reported. Bloomberg has reported that sources indicate Spotify is scheduled to go public in the second half of 2017.