September has been a busy month for Apple Inc. (NASDAQ:AAPL) since the last decade. Though most rumors on the street are focused on the launch of the iPhone 6, some people are betting that Apple Inc. (NASDAQ:AAPL) is going launch its smartwatch, being referred to as iWatch, simultaneously at the media event that is being planned in September. Carl Quintanilla reported on the rumored iWatch getting unveiled on September 9 on CNBC, recently.
“Apple Inc. (NASDAQ:AAPL) is supposed to launch its first wearable device on September 9 alongside its new iPhone. Re/code says the smartwatch is going to connect Apple Inc. (NASDAQ:AAPL)’s HealthKit, health and fitness platform as well as its HomeKit framework for controlling connected devices. Meantime, Samsung has unveiled the Gear S, a smartwatch with a curve display which can access 3G wireless networks […],” Quintanilla said.
Quintanilla said that if Apple Inc. (NASDAQ:AAPL) is going to be in the wearable devices market, it’s going to be a dominant player, hence other players must be in a rush to unveil their wearable devices before Apple Inc. (NASDAQ:AAPL) does and captures a large part of the market share. Though the rumored smartwatch from Apple Inc. (NASDAQ:AAPL) got people in the program excited, they are also wondered why there hasn’t been any leaks relevant to the iWatch yet.
Even though Apple Inc. (NASDAQ:AAPL) hasn’t officially announced or launched the iWatch yet, analysts on the Street are busy estimating the sales of the iWatch. Analysts from Morgan Stanley predicted that Apple Inc. (NASDAQ:AAPL) would be able to sell 60 million of these wearable devices in the first year of the launch. IDC expects the size of the wearable devices market to be of 19.2 million units in the financial year 2014-15, which will be triple than that of last year.
As of June 30, 2014, Carl Icahn‘s Icahn Capital LP owns over 52 million shares in Apple Inc. (NASDAQ:AAPL).
Disclosure: None
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