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Apple's iWatch Could Come With IOS, Earn $6 Billion a Year
Nerval's Lobster writes "Apple's long-rumored "iWatch" could earn the company $6 billion a year, if an analyst quoted by Bloomberg proves correct. Citigroup analyst Oliver Chen estimated the global watch industry's annual revenue at $60 billion a year, with gross margins of roughly 60 percent. "This can be a $6 billion opportunity for Apple, with plenty of opportunity for upside if they create something totally new like they did with the iPod," he told the newswire, "something consumers didn't even know they needed." Meanwhile, The Verge reports that Apple has " chosen to rework the full iOS to run on the watch instead of building up the iPod nano's proprietary touch operating system," which has led to battery issues: while Apple would like the device to last "at least 4-5 days" between charges, the current prototypes give somewhat less. While an "Apple TV" long dominated the rumor mill as Apple's next big product, the frequency and detail of "iWatch" rumors over the past few weeks suggests that a timepiece could be the company's next big project."
Almost all of the Siri processing is done at Apple's data center. Older iphones can be hacked to work with Siri but newer iPhones haves better DSP and noise cancellation. A hypothetical iWatch could have Siri, IF it had internet connectivity (native or bridged to your iPhone).
Do you even lift?
These aren't the 'roids you're looking for.
You might want to learn the difference between share price and market cap. For example, BRK-A is $152,742/share, GOOG is $821/share, and APPL is $420/share. But BRK-A's market cap is $250 billion, GOOG's market cap is $270 billion, and APPL's market cap is $397 billion.
Do you even lift?
These aren't the 'roids you're looking for.
there is approximately a 100% chance that apple will never have 100% of the market. There is actually a lot of competition in the watch market, and apple is not the only entrant - they're just like Microsoft, a late entrant to the market.