Apple IPhone Rumor Boosts Biometrics Companies

A rumored iPhone fingerprint reader boosts companies’ stocks
Photograph by Jamie MacFadyen/Gallery Stock

Touchscreen technology’s big break came in 2007 with the introduction of the iPhone. The popularity of Apple’s smartphone—with an interface that allowed quick, intuitive Web browsing—led most competitors to quickly adopt the technology, reshaping the industry around pinches and swipes. With the next iPhone model widely expected by analysts to carry a fingerprint reader, makers of biometric security devices are enjoying big jumps in their share prices. Investors are betting that other phone manufacturers will quickly adopt physical identifiers to replace conventional passwords and signatures.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.