Apple Inc. (NASDAQ:AAPL) has yet to confirm or unveil the highly anticipated iWatch, but there are already numerous predictions that it will be a huge seller. In a recent interview with Commercial Times, CIMB Securities Limited analyst Wang Wanli predicted that Apple Inc. (NASDAQ:AAPL)’s smartwatch would arrive during the latter half of 2014. He also estimates that shipments to reach 63.5 million during the first year alone.
Manufacturing of Apple’s iWatch
The majority of iWatch manufacturing will be done by Invatec and will take up about 60 percent of Apple Inc. (NASDAQ:AAPL)’s orders. The watch is also predicted to retail for about $199.
Apple Insider further explained the details, “If Apple Inc. (NASDAQ:AAPL) were to sell more than 60 million “iWatch” units in the first year, it would be a number more than 4 times above the 14.8 million iPads Apple Inc. (NASDAQ:AAPL) sold in that product’s first 12 months. However, the iPad carried an entry level price of $499 in its first year, while Wanli expects the “iWatch” to cost less than half of that. The analyst’s expected launch window aligns with earlier rumors that pegged an Apple Inc. (NASDAQ:AAPL) smart watch for a 2014 debut. It’s been claimed that the new product will focus on biometrics, offering users feedback on health and activity by acting as a pedometer, heart rate monitor, and possibly more.”
It’s rumored that the iWatch will feature a 1.5 or 2 inch touchscreen panel. It’s also likely to feature Bluetooth which would make it compatible with the iPhone or iPod. It might also have Siri, the popular voice assistant feature that sets Apple Inc. (NASDAQ:AAPL) products apart from competitors. It could also feature a maps software that would offer real-time directions for those who cross the street.
Apple Inc. (NASDAQ:AAPL) fans are looking forward to the purported iWatch. Although the Cupertino-based tech giant has yet to confirm their plans to release such a product, it’s apparent that the company is closer to debuting the product.