With a view to materialize Apple cofounder Steve Jobs’ vision, Apple Inc. hired a team of biomedical engineers. The engineers are working on a secret initiative. The Apple biomedical engineering team works on a technology project to treat diabetes.
Apple battles diabetesCNBC.Com reported, “Apple has hired a small, secret team of biomedical engineers to work on the Holy Grail for treating diabetes. At a nondescript office in Palo Alto miles from corporate headquarters, they are developing sensors to monitor blood sugar levels sources tell CNBC. The initiative was initially envisioned by Steve Jobs before his death. If successful, the advance could help millions of diabetes patients and turn devices like the Apple Watch into a must-have”.
By this initiative Apple did as same as Google and other tech giant did previously. In 2016, technology companies started working on healthcare sector utilizing technology. Even, last year big companies in the pharmaceuticals like GlaxsoSmithKline and Alphabet inc. founded a joint company to manufacture bioelectronics devices. The companies intended to battle illness with the help of individual nerves.
However, after such news some investors are assuming that Apple shares probably will go up.