That’s what Apple has convinced Paul Deneve, the former CEO of YSL. Deneve was brought in as a vice president to work on “special projects”. One project in particular is believed to be the iWatch. And, he’s not the only one.
According to a report in the Financial Times this weekend, Apple has dedicated a team of several dozen people to the iWatch project. Since the passing of Steve Jobs in October 2011, the company has not had a major new consumer project.
Apple’s shares are down more than 35% since October 2012. Compare that to rival and occasional partner Google, which is up 22% over the same time period.
Will the iWatch save Apple’s stock?
We ask Talking Numbers contributors Enis Taner, Global Macro Editor at RiskReversal.com, and Richard Ross, Global Technical Strategist at Auerbach Grayson, if the iWatch will keep Apple up-to-date or if time is running out.
Watch the video above to see Taner and Ross analyze Apple.