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February 12, 2013

iWatch, iTV Could Nab $80B in Annual Profits for Apple: Analyst

Rumored Products Could Surface This Year

Two very different products could generate big bucks for Apple this year.

The iWatch and the iTV together could make roughly $80 billion in revenues for the Cupertino company, says Morgan Stanley analyst Katy Huberty in a new note to investors.

Apple, Huberty writes in the note, could sell 50 million iWatchs for between $200 and $300 per unit while the iTV would likely have an average selling price of $1,300.

“Importantly, iTV and iWatch present new services opportunities that can differentiate Apple’s broader product portfolio, improving investor sentiment around Apple’s ability to maintain market share,” she says. “Possibilities include, mobile payments service linked to iTunes/iWatch and video search and multi-screen viewing with iTV.”

While rumors of an iTV have been in circulation for some time, talk of Apple launching an iWatch is new.

Anonymous sources told The New York Times earlier this week the firm is working on a curved-glass watch that will operate on Apple’s iOS platform. The sources asked not be named because they are not allowed to discuss unreleased products.

The Times report also said Corning’s Willow Glass could be used to make the watch. Corning, the maker of the Gorilla Glass used in the iPhone, said last year it had created Willow Glass, which can bend as easily as a piece of paper without breaking.

It is though the iWatch will feature a navigation system, fitness monitoring abilities and a Siri-like personal assistant.

The iTV, meanwhile, was hinted at by Apple CEO Tim Cook in a December 2012 interview with NBC.

“When I go into my living room and turn on the TV, I feel like I have gone backwards in time by 20 to 30 years,” Cook told NBC. “It’s an area of intense interest. I can’t say more than that.”

Apple manufacturer Foxconn was forced to deny reports last spring that it had begun to produce the Apple iTV.

The reports emerged after Foxconn chief executive Terry Gua told The China Daily the firm was “making preparations for iTV” although development or manufacturing had yet to begin.

Rumors reported by Tech Radar indicate the TV will resemble a massive Cinema Display, have an aluminium chassis and will include both Siri and FaceTime.

 

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