As Apple Inc. and Samsung Electronics Co. develop smart watches and Google Inc. prepares to roll out Web-enabled eyewear, an ecosystem of software developers is springing up to lend a hand and reap the profits.
With growth slowing in the $358 billion handset market, Apple Inc. and Samsung Electronics Co. are developing digital watches that allow users to make calls, check map coordinates, or monitor their physical activity.
Huawei Technologies Co. and Alcatel- Lucent SA, challenging Ericsson AB’s leadership in the wireless equipment market, are reshaping tactics around services to gain a way into networks they’ve so far been shut out of.
Wearable machines that enhance human muscle power are poised to leave the realm of science fiction and help factory workers hoist heavier tools, lighten soldiers’ loads and enable spinal patients to walk.
Apple Inc.’s profit margins are falling back to levels not seen since sales took off after the 2007 debut of the iPhone, as competition and lack of breakthrough products pressure the company to lower prices.
In 1992, Todd Pedersen was passed over for what he considered the perfect summer job: selling pest-control services door-to-door in Sacramento, Calif. Some of his college buddies had pulled in $10,000 doing it the previous summer, while Pedersen was making about half that much hanging sheetrock. Pedersen, then a 23-year-old Brigham Young University student who had spent countless afternoons knocking on strangers’ doors as a missionary for the Mormon Church, ended up earning $82,000 working for a rival pest business that summer. “[The recruiter] didn’t think I had what it took to do it, which is odd because I’m from Idaho and Idahoans can do anything,” he says.