The vision of health services from Apple CEO Tim Cook has been approved by a former director of the technology giant.
John Sculley, who led the company from 1983 to 1993, told CNBC on Thursday that Cook was considering "absolutely doing something" with his plan to inject Apple into the health sector and that "this could be the big legacy. We're talking about."
In an exclusive interview earlier this week, Cook told Mad Money's Jim Cramer that "Apple's greatest contribution to humanity" will be in health care, an area in which society is increasingly interested. more. in recent years.
"I think [it'll be] from curiosity to useful to the essential," said Sculley in "Squawk Alley". "And essential, it means that you have to do much better things in terms of health care and preventative care than we have today, with portable devices or things [that] allow people to do more. self-diagnosis, where the consumer can have a more important role, as they have done in other industries. "
Remembering how Apple's iconic former boss, Steve Jobs, turned to the camera and wireless industries a dozen years ago with the iPhone, Sculley said, "We're going to see something similar in health.
Sculley, whom the late co-founder Jobs has seduced from Apple to PepsiCo, said that the first generation of iPhone and the following have gradually become Blackberry, Nokia and Motorola cell phones and have revolutionized photography, which ultimately led to the bankruptcy of Kodak in 2012.
While Apple's shares have recently suffered from a series of news that has disrupted investor confidence, Sculley said that the public does not always see the "big" projects that the company's leaders are discussing. behind closed doors. Apple and other technology names, such as Amazon and the Google Alphabet subsidiary, are "at the beginning of the indispensable role of health technology", especially with mobile devices.
"We are about to move to a time when sensors ... (and) algorithms are becoming more and more powerful, technology and healthcare are moving away from an extremely unstable and extremely inefficient industry," did he declare. . "The big players in the health sector want to switch to platforms, they want it to be a horizontal model, as we have seen successfully in retail and in fintech and others."
Apple stocks are still in the bear market after a series of crushing falls that have caused a drop of more than 30% from that recorded after a peak of $ 233.47 in 52 weeks in October. More recently, stocks fell about 7% after the company reduced its forecast on the first trading day of 2019.
Since then, the capital has recovered from this fall, trading at about 152 dollars Thursday at noon.