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.

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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

 

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