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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."
I'm not sure how well traditional watch sales would convert to iWatch sales. traditional watches are really more of a jewelry piece, not a highly functional device, they just happen to have a couple of functions. At the same time, it is very much not clear if iWatch devices would cannibalize iPad/iPod/Iphone sales. To just estimate $6 billion of sales at a product we don't even know if its real sounds like analysts trying to pump up AAPL share price.
(Posting AC because I'm at work)
Look, I'm a huge Apple fanboy, believe me, but come on! We're posting articles from FINANCIAL ANALYSTS now? When these nimrods have something valuable to say, it'll already have been old news for several months. His entire job is built on speculation and generating (or deflating) interest in a company. He does NOTHING OF VALUE! And we're going to put stock in his thoughts?
Come on. I know the Slashdot of yesteryear is gone and dead but let's not post commentary from financial analysts, even if it is about Apple.
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.