Apple Offering New Products Aimed at Ed Tech & Smart Classrooms Market
Dow 30 component Apple (AAPL) is making a greater push for new products to be sold into the Education Technology (Ed Tech) and Smart Classrooms Market. MarketsandMarkets forecasts stated that the Ed Tech and Smart Classrooms Market is expected to grow from USD 43.27 Billion in 2015 to USD 93.76 Billion in 2020, at a CAGR of 16.7% during the forecast period from 2015 to 2020.
Today, Apple held a launch event at Chicago’s Lane Tech College Prep High School and announced that they had 200,000 apps developed for education to be used on their new iPad that will be offered to schools for $299. The new apps are taking advantage of Apple’s augmented reality development kit will serve to gain greater market share in the Education Technology (Ed Tech) and Smart Classrooms Market.
Apple is also launching a new software development platform called ClassKit for education. Apple will provide Free iCloud storage up to 200 GB for education users.
Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.
Stay Informed! Stay Competitive!