Analyst: Apple iWatch could be $6 billion business
0. phoneArena 04 Mar 2013, 10:39 posted on
According to analyst for Citicorp, the rumored Apple iWatch can be a $6 billion business for Apple as that would represent 10% of the current $60 billion watch industry; according to someone close to the company, the iWatch would allow users to make and take calls, check map coordinates, and measure certain bodily measurements like heart rate...
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33. Mxyzptlk (Posts: 13604; Member since: 21 Apr 2012)
I just want them to shut up and take my money.
37. PapaSmurf (Posts: 10457; Member since: 14 May 2012)
Why would I spend money on something that will probably cost over $100 when my phone already has all the capabilities?
44. Droiddoes (unregistered)
$100? New apple novelty? That doesn't add up. Expect it to launch at $199 MINIMUM.
2. _Bone_ (Posts: 2154; Member since: 29 Oct 2012)
This news released at this moment is mere damage control after Friday's reduced verdict, Apple stock is at another low at 423 as we speak.
8. Ninetysix (Posts: 2453; Member since: 08 Oct 2012)
Who here owns apple stock? How does their stock affect us or me as a consumer exactly? Why do people keep on bringing up their stock?
42. BackHandLegend (Posts: 80; Member since: 15 Dec 2012)
To answer your third question, it is because Apple has a reputation of being this company of 'high prestige' for no reason other than a label. The fact that its stock prices are slowly but surely going down means that investors are losing their faith in the company (lack of innovation) and therefore are selling their stocks now to squeeze as much money out as they can. If Apple comes out with something good (which would be a first in a long time) investors would jump at the chance and buy stocks which would increase their value. At the moment Apple is stalling, releasing the same product over and over (4, 4S, 5... 5S?) with no design change and rather wants to sue the competition because it is cheaper than to be creative and invent.
71. Lucas777 (Posts: 2137; Member since: 06 Jan 2011)
no reason other than a label? please..
how about record profits and creating the smartphone and tablet market sectors… they have amazing profits and drive a huge part of the economy for one company… they were the single largest company in the world… that is not all because of a name
like apple or not they have high margins and produce fantastic figures.. i agree with your second part -- people have come to expect big things and will not settle for the practical value of apple stock even though it remains undervalued
76. BackHandLegend (Posts: 80; Member since: 15 Dec 2012)
Apple doesn't drive a huge part of the economy. In case you were wondering the stock market is an indicator of how the economy is doing. Why are Apple stock prices dropping yet the economy is getting better? I mean 90% of computer users are on windows, so OF COURSE it is because a label. It's the same as buying Starbucks's 3 dollar coffee compared to Mc. Donalds's 1 dollar cup.
Here's what Apple should do to get back in the race. (Coming from an Android/Windows/Linux User)
1. The most crucial. REDESIGN Both hardware and software for their handheld devices.
2. Use better motherboards for their macbook and iMac lineup. (They currently use the worst of the worst)
3. Lower their prices. OPTIMIZATION IS KEY TO SELLING AND PROFITS. (If you don't know what it is, take calculous.
It is ridiculous that Apple is a tech giant, yet they fall for their own stupidity. 1500 for a laptop with a mid sized screen in which I can just buy a substitute of equal specs, equal performance, at 2/3 less the cost.
Another thing that would make Apple relevant in the world of computers again, would be to make their OSX Mountain Lion available for all hardware not just locked hardware. MacOS is the most beautiful OS in existence, why isn't it free of its hardware limited shackles?
75. jroc74 (Posts: 6014; Member since: 30 Dec 2010)
Well....not too long ago....some Apple fans felt the need to gloat when Apple hit $700 a share....and at the same time try to diss Google..
Not even knowing that Google hit the number about 2 weeks before Apple. And was the 2nd time since Google became a company that it did.
Trust and believe...if it gets back up to $700....we will see a different comment section than what we see today.
12. Aeires (unregistered)
My thought was Chen holds a lot of AAPL.
19. Hemlocke (unregistered)
Yes, damage control, even in the face of today's announcement that the iPhone 5 is still the best-selling phone in the U.S. and the world through the end of February. They have to be crying in Cupertino over that.
26. Droiddoes (unregistered)
You misspelled 'Galaxy S3'
3. Muzhhur (Posts: 260; Member since: 14 Sep 2012)
right now I dont like it, could be the ipod nano-watch.
We will see
4. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)
PhoneArena.com skipped news about Apple's shoe-life sensor patent. :)
5. technut (Posts: 70; Member since: 03 Aug 2012)
I can see Google Glass being a 6 billion dollar business.. but a watch... nah
7. PhoneArenaUser (Posts: 5498; Member since: 05 Aug 2011)
It's called marketing propaganda. :)
31. Reluctant_Human (Posts: 886; Member since: 28 Jun 2012)
Its possible if its priced right but that doesn't tend to be Apples way of doing things.
45. Droiddoes (unregistered)
Yup. I also expect Timex, Casio, Rolex, Swiss, etc etc to be sued over "patent infringement" any day now.
53. Droiddoes (unregistered)
To take a line from your oh-so-mature toybox of witicisms: make me.
9. steviewonders (Posts: 20; Member since: 03 Nov 2009)
Hopefully someone else will bring one out first so Apple can't sue everyone who brings out a similar product. Having said that, smart watches aren't entirely a new idea. Sony and pebble have already done something similar. Probably won't stop Apple trying to sue everyone though.
10. bojan (Posts: 188; Member since: 06 Oct 2012)
who still uses a watch only people 50 years old and up no thanks i don't want one i hate wearing a watch.
13. ibap (Posts: 764; Member since: 09 Sep 2009)
People who care about language and don't use the excuse of typing on glass to look like 10-year-olds or e. e. cummings.
11. ibap (Posts: 764; Member since: 09 Sep 2009)
Apple will claim they always knew people wanted a watch. Like the iPad mini.
15. weinerslav (Posts: 126; Member since: 31 Jul 2012)
I love how they say "create something totally new like they did with the iPod -- something consumers didn’t even know they needed."
Take that creative, Diamond/rio, archos, cowon and all the other that made mp3 players before the ipod! Basically they could put dog poo in a box that they would be creating something totally new, something consumers didn't even know they needed!
Seriously, how do you expect people to stop complaining about apple with manipulative (and fake) statements like that?