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Analyst: Apple's iWatch may be priced at $299, could generate $17.5 billion worth of sales in 12 months

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Analyst: Apple's iWatch may be priced at $299, could generate $17.5 billion worth of sales
Smart watches are still in their early days. Niche products that can’t seem to generate huge revenues. Apple, however, may think otherwise.

According to CNET, Morgan Stanley analyst Katy Huberty recently predicted that Apple may sell $17.5 billion worth of iWatches in 12 months after the gadget’s initial release. At the moment, there’s no way of telling for certain when (or if) Apple will launch its rumored smart watch, but it could happen towards the end of 2014.

It’s hard to believe that Apple will manage to sell too many iWatches to customers who do not already own iOS devices. That’s why Katy Huberty assumes that the iWatch’s customer base will be similar to that for Apple’s iPad. Apparently, the new smartwatch might cost $299 - that’s also the price that Samsung's Galaxy Gear watch had at launch in late September 2013.

As revealed not long ago, the iWatch could have many health-related functions that will reportedly be used with a new Healthbook app which may debut on iOS 8 later this year. Other than that, the features of Apple's first smart watch remain a mystery for now.

Would you buy a $299 iWatch if it's going to be released this year?

source: CNET

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