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Apple can Sell 10M iWatches in First Year

Oct 7 2013, 10:21am CDT | by , in News | Apple

Apple can Sell 10M iWatches in First Year
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Apple is expected to launch its wearable wrist device called iWatch next year that is predicted to hit 10 million units sales mark in first year.

This is the high time for Apple. Tech giant's new iPhone sales hit record numbers. Apple beats rival Samsung in US smartphone market with its new iPhone 5S and iPhone 5C. It is also the one company that holds 10% of all US corporate cash. And now a new poll predicts that Apple's wearable device, iWatch, could hit a 10 million sales mark during first year of its launch. And this suggested number is based on only those 4% iPhone owners that would be the early adopters of Apple's much rumored iWatch device expected to come next year.

According to AppleInsider, investment firm Piper Jaffray has taken opinions of 799 U.S. Apple consumers. Based on his survey, 2% to 4% iPhone owners are interested to buy iWatch. Apple's iPhone user number is currently estimated to be 293 million. It means that the company can sell 5 to 10 million iWatch devices during first year of its launch.

Tech analyst Gene Munster has asked these respondents that they would be interested in buying a $350 iPhone-connected “iWatch." 12% are interested to buy an Apple wrist watch device. He said, "While we do not view the watch as a likely needle-mover for Apple in terms of revenue in 2014, we put it in a similar category as the television in that it could demonstrate Apple’s ability to innovate (good for the multiple) and potentially lead to a more meaningful new product category in wearable tech." 


But analyst Wang Wanil of CIMB Securities Limited predicted very high sales number for iWatch. He said that Apple can ship 65 million iWatches in first year of its launch. But his speculated price is $199 which is lower than Munster.

It is widely speculated that Apple will launch its all new iWatch device in early 2014. Rumored features of iWatch include 1.5- or 2-inch touchscreen panel and biometrics support. It can also work as a pedometer, heart rate monitor and more.

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