The possibility of a high-tech Apple Inc. (NASDAQ:AAPL) watch excites many. During last month’s earnings quarters call, chief executive officer Tim Cook gave a hint of a possible new product. With all the rumors and reports surfacing about such a device, it’s easy to speculate.
One analyst’s speculations
Katy Huberty (analyst for Morgan Stanley) believes Apple Inc. (NASDAQ:AAPL) will release a smartwatch this year and that it could generate $17.5 billion in revenue within the first twelve months. This particular gadget could cost $299. It’s also said to have a base of customers similar to the iPad, which garnered sales of $12 billion during the first year. It is important to note that supply restraints for the first year could limit the company’s revenues to $12 to $14 billion.
The iWatch is an exciting gadget with a lot of possibility. Although it won’t be exactly unique as a product (thanks to the handful of smartwatches currently on the market), it’s still an Apple product that holds a lot of possibilities. This gadget reportedly works in conjunction with the iPhone.
Possible changes for Apple
Apple Insider added, “Central to Huberty’s thesis is Apple Inc. (NASDAQ:AAPL)’s positioning of the iWatch as a natural accessory to tens of millions of existing iOS devices rather than as a fledgeling product category like the iPod and iPhone were when they were first introduced. This would open the market to existing owners of the iPhone and iPad, she argues, as well as first-time Apple mobile device buyers”
It’s reported that Apple Inc. (NASDAQ:AAPL) has a team of over 100 employees working on the upcoming iWatch. The Cupertino-based tech giant has reportedly hired fashion and medical industry experts to design the perfect watch. Notable employees include Ben Shaffer from Nike, Paul Deneve from YSL, and Michael O’Reilly (veteran in the medical device industry). The possibilities for Apple Inc. (NASDAQ:AAPL) are endless.