Morgan Stanley analysts estimate an annual incremental revenue potential of $10-$15 billion or EPS of $2.50 to $4.00 from this option. This assumes a 20% attach rate to the current 500M active iTunes accounts (only half of the current iPod and iPhone attach rate) and $200-$300 price point. Current products in the market are believed to trade at an average of $140 per unit, but with limited functionality as compared to Apple iOS platform. The average selling price for iWatch is estimated at roughly $200.
ZACKS By Sejuti Banerjea | Zacks – Thu, Apr 25, 2013 1:25 PM EDT
Corning’s first-quarter results were better than expected. Since Display remains the largest contributor to its revenue, the steadier volumes and improving prices in this business are encouraging. Additionally, GG should see continued strength as we move through the year, as the company is well positioned at several major players in the smartphone and mobile computing segments.
With important product ramps in the telecom segment and acquisition-driven growth in the life sciences segment, the environmental drag may not be enough to hold down share prices. Profitability should also improve as GG volumes pick up and the devaluation in the yen will support stronger pricing.
analyst also had this to say from his channel checks:
April 3, 2013 9:16 AM EDT Send to a Friend
As speculation swirls that the project has been put on the back burner, Topeka Capital analyst Brian White believes Apple (NASDAQ: AAPL) will in fact launch a full blown iTV this year and it will be different than you think.
"After a dry spell of "iTV" data points, many investors have thrown in the towel on the timing of this new product; however, we believe "iTV" will launch before the year is finished and in time for the holidays," White said. Commentary from White comes after a China-Taiwan tech tour.
White sees the device coming with a ring-shaped accessory ("iRing") which will allow users to control the iTV. In addition, a "mini iTV" would allow users to view content on a smaller 9.7 inch display.
"The "iTV" ecosystem represents a major innovation for the $100 billion LCD TV industry that will revolutionize the TV experience forever, in our view," he said.
The analyst believes Corning (NYSE: GLW) will be an important provider of LCD glass on this project.
White maintained a Buy rating and price target of $888 on Apple.
More signs point to 2013 Apple ‘iWatch’ launch
By Zach Epstein on Apr 2, 2013 at 12:30 PM
A number of solid reports have suggested that Apple is developing a smartwatch as it searches for new revenue streams in the increasingly competitive mobile market. While initial claims suggested the “iWatch” was still in the early stages of its development, some reports have pointed to a 2013 launch and now new evidence supporting that timeframe has emerged.
During his trip to meet with unnamed supply chain companies in China and Taiwan, Topeka Capital Markets analyst Brian White claims he saw signs that Apple’s (AAPL) supply partners are preparing to ramp up production ahead of an iWatch launch sometime this year. According to White, the iWatch will make use of new technologies that may help bolster interest in the device.
“We believe the much-hyped Apple iWatch is showing early signs of movement in the supply chain and will be launched this year with interesting new technology features that have not yet been touched upon,” the analyst wrote on Tuesday in a note to clients.
White failed to elaborate on what those “interesting new technology features” might be, but anticipation continues to build as investors look for Apple to enter new markets that might help it regain momentum.
Topeka reiterated its Buy rating on Apple shares with an $888 price target.
Last I heard the watch was atleast three years out because of the glass is still in developement stage. Will it partially canabalize the phone? Sure seems convienent. I'm not saying people won't buy it, its neat but definately not cool or stylish. I have my doubts on this one because of the fashion angle.
One of the most interesting claims out there comes from the New York Times, where it says that the iWatch will feature Willow Glass, which is said to be so flexible that is can ‘flop as easily as a piece of paper in the wind without breaking’. The result of such rumours seems to be that we, the internet, are expecting a 1.5-inch touchscreen watch face, that is waterproof and shock proof.``
Well, ChangeWave conducted a survey of 1,713 people, with about 20 percent of respondents saying they'd buy the 'iWatch', sight unseen. The positive responses came from Apple's track record of "delivering ultra-convenient, easy-to-use, innovative products with a perceived ‘cool factor.’"
That's a market of about 60 million to 65 million people.
@ this price point asian markets have the opportunity to own the preeminent haute design apple brand. even my teenage daughter plans to buy one for her dad this x-mass, nice to receive an apple product for a change. thanks darlin iWear with pride. love ya!
no one thought the Ipad would be a big seller. People laughed at the idea of an Ipad. Iwatch will be big and so will anything Apple makes because their developers are smart and know what the consumer wants before the consumer even knows it wants it, only Apple can do that.