Rumors have been flying like crazy concerning the iWatch, Apple’s entry into the smart watch market. Apple has yet to officially confirm that it would be entering into the wearable electronics market with a smart watch, but it certainly hasn’t put a damper on rumors. The latest rumor comes from an analyst at CIMB Group.
According to this analyst, an Asian company called Inventec will land about 60% of all Apple iWatch orders. Manufacturing the device for Apple is expected to contribute about 19% of Inventec’s profits for 2014 according to the analyst.
The analyst also went on record stating that he expects the iWatch to sell for somewhere in the area of $149-$229. He also predicts that most purchases will be by consumers looking to replace iPods. Apple competitor Samsung is stepping into the smart watch market with the Galaxy Gear set to launch next month.
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