Gadgets

Apple Expected to Sell Around 10M ‘iWatch’ in First Year

Apple's "iWatch" Patent | US Patent and Trademark Office

Apple’s “iWatch” Patent | US Patent and Trademark Office

Based on the latest survey conducted by Piper Jaffray, Apple’s rumored ‘iWatch’ could have a penetration rate of four percent among iPhone users. With an estimated user base of 293 million, this could equate to 5 million to 10 million sales in the first year.

However, the investment firm’s Gene Munster noted that US consumers are wealthier than the average international iPhone owner. Thus, not everyone who’s interested in the smart watch may actually buy the wrist-worn device. As a result, the analyst lowers his sale estimation. But if Apple will sell about 7.5 million iWatch for $350 each in the first year, and considering the 30 percent gross margin, it could mean additional revenue of $2.6 billion to the Cupertino-based company.

It was rumored that the iPhone maker is eyeing the launch of iWatch on 2014. The said device will feature 1.5 or 2-inch touchscreen panel, which will focus on biometrics and offer user feedback on health.

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