Apple Inc. (NASDAQ:AAPL) is hiring employees aggressively for its iWatch segment, according to the report from The Financial Times.
Apple Inc. (NASDAQ:AAPL) has been employing the experts over the past few weeks to work on the development of the iWatch. According to a source, there is a technical hurdle in making this wearable gadget, which the company has not yet overcome. The sources added that due to the engineering issues the users will not be able to get an iWatch until next year.
Apple hiring experts
Users and experts were keen for a wearable SmartWatch, which is expected to be powered by the iOS mobile system. Experts who have assisted in the development and design of the iPhone and iPad are also part of the teams developing the wearable gadget. The number of such employees in the wearable watch segment is more than 100 and is working on the wearable device with curved glass.
Paul Deneve, the former CEO of luxury fashion goods company Yves Saint Laurent, was recently hired by Apple Inc. (NASDAQ:AAPL) to work on “special projects.”
Interesting concept but will require convincing
Apple Inc. (NASDAQ:AAPL) CEO Tim Cook said that the concept of wearable computing is very interesting, but it will take a great deal to convince people to wear such a device. He was speaking at D11 conference in an interview. He added that the youth does not wear watches so the company will have to make sure that they do in case of the iWatch.
According to the sources, Tim Cook still has time to decide whether or not to launch iWatch, as the company had done in the past when some of the ideas did not materialize as expected. However, the iPhone maker is a step ahead in the case of the iWatch, by acquiring trademarks for various applications and hiring fresh talents in the development.
There was no comment from Apple Inc. (NASDAQ:AAPL), but during April earnings call Cook said that the experts are giving in all efforts to develop some new hardware, software and services, which will be launched towards the end of 2013 and in entire 2014.
Declining market value, a concern
Apple Inc. (NASDAQ:AAPL) is following the trend “Acqui-hires” like the other companies at Silicon Valley for hiring employees in its iWatch development process. The company is looking to acquire the startups on connected devices.
However, the declining market value may make it difficult to hold on the top rank employees and executives who are seeing Facebook Inc (NASDAQ:FB), Google Inc (NASDAQ:GOOG) and other tech companies as an option to switch.
