Apple Inc. (AAPL) Message Board
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Watch Could be Worth $6 Billion, Citi Tells Bloomberg
By Tiernan Ray
In case you missed it, Bloomberg‘s Peter Burrows and Olga Kharif this morning write that Apple‘s (AAPL) rumored smart watch could be a big revenue draw for the company, citing comments from Citigroup luxury goods analyst Oliver Chen.
Such a device could produce $6 billion in revenue, the analyst says. That, the authors said, would make it more profitable for Apple than a similar share of the $119 billion television market, which might produce just $1.79 billion in annual profit versus $3.6 billion from watches.
The authors cite one unnamed source as saying Apple “seeks to introduce the device as soon as this year.”-
I think the watch, if they do release one will COST Apple $6 billion since hardly anyone will want it.
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I don't wear a watch. People use their cell phones as watches. Maybe Apple should make iBowler Hats and iBuggy Whips
- 1 Reply to o_everybody_was_kung_fu_fighting
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Actually it would make a convenient place to carry your phone.
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$6 billions? That's peanuts for aapl.
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key terms in that report are "rumored" (which is at least a week old) and "could be"
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