Staff Writer
Apple’s next big money-maker is just around the corner! In a recent report, Morgan Stanely analysts predicted that Apple’s next project, the iWatch, could generate $17.5 billion in its first year alone.
This will place it above the iPad in initial sales, which only made the company $12 billion in its first year.
These projections are based on a near $300 price tag on the slim-fitting bands, which will have touch screen capabilities similar to the other recent iDevices. But if the company cannot meet its goals, the yearly earnings could drop to $10-$14 billion.
Morgan Stanley is positive that the new iWatch will prove an indispensable contribution to the Apple devices lineup, with its ability to be paired to the iPhone like a bluetooth device.
“Our working assumption is that iWatch largely will be adopted as an accessory device and, therefore, sold into the existing customer base, like the iPad, rather than to new customers, like the iPod or iPhone.”
The iWatch, they say, could bolster current sales, and create new customers. Everyone likes new things, and a new thing that makes you feel like James Bond is pretty amazing!
While there is no news on when we can expect Apple to release the iWatch, it is expected to “shatter analyst expectations” when it finally appears.
What do you think? Are you ready for your first mission?
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