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Who Loses From The Rise Of Apple's Swift Programming Language?

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Who Loses From The Rise Of Apple's Swift Programming Language?

  • Global Equities Research recently interviewed 30 Swift programmers regarding Apple Inc. (NASDAQ: AAPL)’s push in enterprise software.
  • The firm sees Apple as well positioned to capitalize on the shift toward mobile and cloud-native applications.
  • Programmers believe that Apple’s Swift language is better suited for modern app development than Java is.
  • In a new report, Global Equities Research analyst Trip Chowdhry looked at Apple’s expansion into enterprise software. Chowdhry spoke to about 30 Swift programmers to get a consensus of Apple’s leadership in enterprise software.

    The Enterprise Push

    According to Chowdhry, Apple has been hiring enterprise account managers throughout North America and Europe. In addition, the company has been adding sales people focused on verticals, such as service, healthcare and education providers.

    Related Link: Apple Nears Major Resistance In $119 Handle

    Shift Toward Mobile And Cloud-Native Applications

    Chowdhry noted that many large companies have been making moves to modernize their workforces in ways that benefit Apple.

    United Continental Holdings Inc (NYSE: UAL) has recently begun equipping airport reps with iPhone 6 plus to provide access to modern enterprise apps.

    HSBC Holdings plc (ADR) (NYSE: HSBC) has also begun providing iPads for every employee to facilitate access to the company’s iOS app.

    Virgin Atlantic is in the process of installing scanners that can read boarding passes from the Apple Watch.

    In addition, independent software vendors such as International Business Machines Corp. (NYSE: IBM), salesforce.com, inc. (NYSE: CRM), SAP SE (ADR) (NYSE: SAP), Tableau Software Inc (NYSE: DATA) and Oracle Corporation (NYSE: ORCL) are all developing iOS native enterprise applications.

    Who Loses?

    Chowdhry sees Oracle and its Java language as one of the biggest potential victims of Apple’s rise. The programmers that he interviewed indicated that Java has become stagnant in recent years, in stark contrast to Swift.

    “Open sourcing Swift and creating a vibrant developer community makes Apple’s Swift programming language a ‘living language,’ which is ideal for cloud-native and mobile-native application development,” Chowdhry explained.

    In addition to Oracle, he sees companies with legacy applications that have not been rewritten for cloud-native and mobile-native environments as big losers from the transition. Chowdhry specifically mentioned SAP and Microsoft Corporation (NASDAQ: MSFT) by name.

    Disclosure: The author holds no position in the stocks mentioned.

    Image Credit: Public Domain

    Latest Ratings for AAPL

    DateFirmActionFromTo
    Aug 2019Initiates Coverage OnEqual-Weight
    Jul 2019MaintainsHold
    Jul 2019MaintainsBuy

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