Apple Has Edge in 'Wearable' Tech: Former CEO John Sculley

Wearable technology will have a "huge impact" on our lives in the next five to 10 years, and Apple will have an advantage in this arena, former Apple CEO John Sculley told CNBC on Monday.

"I think we're at the beginning of the sensor revolution," he said in a "Squawk Box" interview. "Wearables are about the passive ability of sensors to be able to monitor lots of different kinds of things."

Sculley, co-founder of Misfit Wearables, was CEO of Apple from 1983 to 1993.

"The first products will probably be watches" and Apple, Google, and Samsung have all been rumored to be working on these, he pointed out, saying in the "next year, two years we're going to see them as part of the landscape."

Wearable technology is about "chips and software," he added. "So Apple is in really a nice position."

Sculley also called Apple "one of the best managed companies in the world," and said he can't fathom why it's fallen out of favor recently with investors.

At the All Things Digital conference last week, CEO Tim Cook defended the company's record of innovation under his leadership, saying he expected to release "several more game changers" and hinting that wearable computers could be among them.

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As for Google Glass—the much-hyped, smartphone-like device worn like glasses—Sculley, like Cook at that tech conference, was rather cool on the idea, saying "I haven't figured the Google Glass out yet. I think it's really cool. It's not something I can picture myself wearing."

Meanwhile, Misfit is taking pre-orders on its own wearable device, a personal tracker called "Shine," which syncs with a smartphone. It's expected to be released in July and work initially with an iPhone app. "We're really focused on the Apple market first," Sculley said. "We'll follow with the Android at a later date."

The Shine tracker is a sleek, quarter-sized device that can be worn with a wrist strap, as a necklace, or with a small clip on clothing. Battery life is expected to be "nine months to a year," Sculley said. "It's totally waterproof down to 300 feet. So you can take it anywhere."

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He said he sees these types of personal trackers playing a part in the explosion of predictive analytics—using massive amounts of data to predict a likely outcome and to "make predictions based on you individually, not you as a broad class of population."

Misfit Wearables has raised $7.6 million but still decided to run a crowdsourcing campaign on indiegogo.com, which raised nearly $850,000. Company co-founder and CEO Sonny Vu told industry website crowdsourcing.org that the indiegogo push was more about learning than it was about raising money.

As for the company's name, Sculley said that Vu was great admirer of the late Apple boss Steve Jobs, who famously talked about how "the crazy ones, the misfits, the rebels, the troublemakers" think differently.

"Ironically, the day we founded the company was the day that Steve died," Sculley explained, "So Sonny said we need to do something" and it was named Misfit Wearables in honor of Jobs.

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_ By CNBC's Matt Belvedere