Analyst: Apple iWatch to launch in second half of this year

On Friday morning, we told you that Apple had filed to register the iWatch name in Russia as a trademark. The Cupertino based tech titan had filed to register the name in two categories, as a watch and as a computer. Now an analyst with Citigroup is telling clients to expect the new device to launch sometime in the second half of this year. 

Citigroup's Glen Yeung told his clients on Friday that the supply chain is waiting on a signal from Apple on whether to proceed with production of parts for the iWatch. Yeung believes that the decision will be made this month and will be a "go".

Besides the filing for the iWatch trademark in Russia, last month there was some speculation that Apple was testing 1.5 inch OLED displays for the new device. Apple has a lot riding on the device as the company has been accused of losing its ability to bring new innovations to the market. Many point to the three years since the introduction of the first Apple iPad as being a long dry spell for the manufacturer. CEO Tim Cook hinted earlier this year that some new products would be joining the Apple lineup as soon as this fall.

source: CNET