Analysts Say Google I/O News No Threat to Apple
This week, as Google wraps up its 7th annual developers conference known as Google I/O, industry analysts and market watchers say that despite the array of heavy-hitting announcements, there really wasn't much unveiled that should make Apple nervous.
From wearable devices and streaming content, to automobile-focused tech and general mobile devices, Android is creeping into bold new territories. But it's nothing that should put Apple in an immediate "must catch up" posturing.
Analyst Timothy Arcuri of Cowen and Company told investors this morning that he and his colleagues still expect Apple's ecosystem "to remain the dominant platform for developers for the foreseeable future." Similarly, Rod Hall - an analyst with J.P. Morgan -largely agrees that Apple doesn't have much to sweat.
"All in all," Hall writes, "we felt the seamless integration was the main new feature [announced by Google this week], but we question just how useful this will be given very few people are using Google laptops and tablets."
Google I/O wraps up today in San Francisco.