Record setting years will keep happening if Apple releases their long awaited smart watch
Investment firm Morgan Stanley has now released a report detailing what they expect from Apple and the iWatch, which points to a potential earnings of $9 billion in revenue in the first year alone. These incredible numbers come on top of the awaited launch of the iPhone 6 that is believed to be coming at the same time.
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In order to take control, they are going to have to take back the market from devices like the Pebble and the Fitbit, which have so far been great sellers, but not on par with what Apple likes. According to the report, they are going to sell enough at the $100 to $250 price point that they are going to add a massive amount of revenue to their quarterly report.
That works out to between 30 and 60 million units, which might not seem believable given the kinds of sales that other companies have seen. With the power to innovate that Apple has, though, this might not truly be out of the ordinary. There are many that worry about the iWatch being a part of a niche market, although some say that Apple has what it takes to blow the market open in a way that only they can.
Source: Apple Balla