We assume Apple is working on a smartwatch, presumably called the iWatch, but in an interview with the Commercial Times, CIMB Securities Limited analyst Wang Wanli lays out what to expect from Cupertino in the next year. Specifically, Wanli predicts that the iWatch will launch in the second half of 2014 for just $199.
Wanli also believes that the majority of units—around 60 percent—will be manufactured by Taiwanese company Inventec, and predicts that Apple will ship over 60 million copies of the iWatch in its first year on the market. That’s four times the number of iPads sold in that device’s first year, though the tablet initially cost twice what Wanli claims the rumored smartwatch will go for.
Apple sparked iWatch rumors earlier this year after trademarking the product name in a number of countries around the world. The company appears poised to release a smartwatch next year, when it will have to compete with a number of already-available devices, as well as Samsung’s rumored Galaxy Gear, which the South Korean company is expected to unveil next week at IFA.