If we talked about one Apple product that still lacked the shock value or the ‘wow’ factor that other Apple gadgets possessed, then we refer to only one item: the Apple iWatch.
After more than a year of relegation to "next big thing" status, the smartwatch has yet to reveal itself and compete with the likes of the Samsung Galaxy Gear and Sony Smartwatch 2. It failed to materialize in 2013, but many think we will see Apple get in on the wrist-worn game in 2014.
However, does the iWatch even exist? This is the million dollar question, and one that only the Apple insiders really know the answer to for now. So the short answer is: We don't know.
The only hint industry analysts have right now that this concept is worth exploring is that way back in 2008, Apple co-founder and renegade loud-mouth Steve Wozniak "let slip" to the Telegraph that "Apple's future could lie in an 'iWatch'." And, in April 2013, an Apple board member mentioned the word "watch."
How likely is it that Apple will really deliver an iWatch? Chances are they will considering that they’ve already trademarked the name in several countries (though the name is held by others in the U.S., U.K. and China). It was also reported that Apple has been hiring new executives who are rumoured to be working on the iWatch team. Allegedly, the latest new hire is Roy J.E.M. Raymann, a senior scientist from Philips Research who is an expert on sleep research and wearables. And there are also unverified, unconfirmed and unproven allegations that Apple, which is working on new battery technology as you would expect, will create a future version of smartwatches that can be charged via a solar-powered battery.
Whatever is the status of the development right now for iWatch, market analyst expect it to hot based on the user adoption rates of the iPod, iPhone and iPad. The estimated amount is around US$ 17.5 billion sales for the device in the first 12 months.
"Our working assumption is that iWatch will largely be adopted as an accessory device and therefore sold into the existing customer base like the iPad rather than to new customers like the iPod or iPhone," says Katy Huberty, who based her estimate on a device with an average selling price of US$ 299.
"We see up to US$ 17.5 billion of revenue in the first 12 months compared to US$ 12 billion for the iPad and US$ 2.5 billion for the iPhone. If there are supply bottlenecks in the first year, we see a more conservative revenue range from US$ 10 billion (assuming iPhone penetration curve) to US$ 14 billion (average of iPhone and iPad penetration curves). This translates into six to 10 points of revenue growth for Apple from iWatch in calendar year 2015," Huberty added.
After more than a year of relegation to "next big thing" status, the smartwatch has yet to reveal itself and compete with the likes of the Samsung Galaxy Gear and Sony Smartwatch 2. It failed to materialize in 2013, but many think we will see Apple get in on the wrist-worn game in 2014.
However, does the iWatch even exist? This is the million dollar question, and one that only the Apple insiders really know the answer to for now. So the short answer is: We don't know.
The only hint industry analysts have right now that this concept is worth exploring is that way back in 2008, Apple co-founder and renegade loud-mouth Steve Wozniak "let slip" to the Telegraph that "Apple's future could lie in an 'iWatch'." And, in April 2013, an Apple board member mentioned the word "watch."
How likely is it that Apple will really deliver an iWatch? Chances are they will considering that they’ve already trademarked the name in several countries (though the name is held by others in the U.S., U.K. and China). It was also reported that Apple has been hiring new executives who are rumoured to be working on the iWatch team. Allegedly, the latest new hire is Roy J.E.M. Raymann, a senior scientist from Philips Research who is an expert on sleep research and wearables. And there are also unverified, unconfirmed and unproven allegations that Apple, which is working on new battery technology as you would expect, will create a future version of smartwatches that can be charged via a solar-powered battery.
Whatever is the status of the development right now for iWatch, market analyst expect it to hot based on the user adoption rates of the iPod, iPhone and iPad. The estimated amount is around US$ 17.5 billion sales for the device in the first 12 months.
"Our working assumption is that iWatch will largely be adopted as an accessory device and therefore sold into the existing customer base like the iPad rather than to new customers like the iPod or iPhone," says Katy Huberty, who based her estimate on a device with an average selling price of US$ 299.
"We see up to US$ 17.5 billion of revenue in the first 12 months compared to US$ 12 billion for the iPad and US$ 2.5 billion for the iPhone. If there are supply bottlenecks in the first year, we see a more conservative revenue range from US$ 10 billion (assuming iPhone penetration curve) to US$ 14 billion (average of iPhone and iPad penetration curves). This translates into six to 10 points of revenue growth for Apple from iWatch in calendar year 2015," Huberty added.
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