How to Cash in on ‘The Internet of Things’ Stock
If you’re keeping an eye on the Internet of Things to see what stocks you could get in on the ground floor of now and have a profit explosion in the future when just about everything is connected, you’re not alone. Financial experts around the world are carefully watching companies to find out who the big players are going to be in the next few decades. The Internet of Things will connect devices like your toaster, your desk and your car to each other, learning from you and making your life a little easier. But which companies will be making this technology and how do you know when it’s time to make the investment?
Being successful in the stock market requires that you look at the long game, and that’s exactly what some experts are recommending that you do. While you might make good choices and invest moderately in other types of stocks, these three companies may give you a bigger return than you can probably imagine in the coming decades. Of course, there is also the possibility that they’ll just fold up as well, but these companies are on the cutting edge of technology right now.
According to experts, by 2020 there will be more than 26 billion devices using the Internet of Things and Skyworks Solutions is one of the companies that will make that happen. They make smartphone chips for Apple and other manufacturers and mobile devices are going to be the controllers and arbiters of all of the data that will be coming from the “things” around us.
iRobot, the makers of the Rhumba vacuum robot and manufacturers of bomb-squad robots for the military, are also one of the companies to watch in the coming years. The company is projecting that they will sell around 30 million personal robots by 2017.
Finally, Mobileye is a company that designs and creates camera technology that will be necessary for the very items that iRobot is planning on manufacturing. The self-driving car is closer than most people realize and the cameras and sensors that this company manufactures are going to be the major technology driving (no pun intended) those cars. Already, Mobileye is working with these smart cars and already has an estimated 80% of the current and future safety market. They are five years ahead of everyone else, according to experts.