Another Analyst Predicts A Huge Debut For Apple's 'iWatch'
June 9, 2014
UBS is the latest investment firm to say that Apple plans on releasing a so-called “iWatch” later this year. In a note to investors on Monday, they say that Cupertino could sell 21 million units of the wearable device in fiscal 2015, and 36 million units the following year. If correct, iWatch sales could match those of the iPad, according to AppleInsider.
Analyst Steven Milunovich believes Apple could sell the iWatch for $300. At that price, Apple could achieve product margins at launch of 25 percent, “increasing to the low 30s over several quarters.”
He notes:
We are more confident that Apple will be introducing the iWatch before the holiday season following WWDC's introduction of HealthKit, recent healthcare hirings, the acquisition of LuxVue Technology, and positive comments from Eddy Cue at the Re/Code Conference.Last week, Cantor Fitzgerald analyst Brian White said the iWatch and “iPhone 6″ would launch simultaneously in just a few months. He said the price of the watch could start anywhere between $199 and $229 to actively compete with other wearables on the market. In late May, Rosenblatt Securities’ Brian Blair concluded that the iWatch will have a round face and look very similar to the Android-powered Moto 360, but will have a slimmer profile. The analyst said that production on the iWatch will begin in July or August. Apple’s wearable device could feature a flexible AMOLED display and 3-D protective glass. It may come in two different sizes – one with a 1.5-inch screen, and the other with a 1.3-inch display. See also: Apple's Latest Ad Prepares The World For The ‘iWatch,’ Re/Code: Apple Plans To Introduce The ‘iWatch’ At An October Event, and How Do You Feel About Apple's 'iWatch' Now That You've Seen This? Photo: iWatch concept by Anders Kjellberg
