iWatch shipments might exceed 10 million in first year alone

Apple hasn’t said anything about its much rumored iWatch smartwatch as yet, though a new poll suggests that the company might end up shipping as many as 10 million units in the first year of availability.

iwatch concept 580x405 iWatch shipments might exceed 10 million in first year alone

Rumors about the iWatch have been circulating for quite some time now. Apple is said to be working on a wearable device of its own, which is widely believed to be a smartwatch. The company hasn’t dropped any hints about this device as yet, nor has it said when we can expect such a product to be unveiled and released in the market. However, Apple has a number of patents under its name which specifically detail smartwatch technology, so its not like the idea hasn’t crossed Cupertino’s mind at all.

Piper Jaffray, an investment firm, conducted a poll of 799 U.S. consumers, asking them if they would purchase the Apple iWatch if and when it is released. The poll shows that there could be a 2 to 4 percent penetration rate of the iWatch specifically with iPhone customers, meaning that out of estimated 293 million iPhone owners, almost 5 to 10 million would become early adopters of the smartwatch.

When asked if they would purchase such a product at $350, 12 percent said that they would be interested whereas 88 percent said that they wouldn’t go for the iWatch if it was priced that high. Price will obviously be a major factor once the iWatch hits the market, rumors peg it to be somewhere between $200 to $250. No technical specifications of the smartwatch are available as yet, but it is expected to have a 1.5 inch OLED display. Recent rumors suggest that the iWatch will be released in 2014.

Source: AppleInsider

Adrian Fonseca keeps a close eye on all Apple news, rumors, leaks and developments. In his spare time, he likes to read books.