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Bloomberg said it could be more profitable than the TV

Apple fans rejoice: the next addition to your iCollection -- the so-called "iWatch" -- will reportedly be available later this year.

Apple has been testing designs for a smart watch, which would act like a small-scale iPhone. According to Bloomberg, the wearable device will be available later this year and will run iOS.

Apple is currently tweaking certain features, such as increasing battery life to last four or five days (it currently only lasts a couple of days) and working on the iPhone's iOS so it can support the device. Apple also wants to build the watch's iOS from the ground up instead of starting with the iPod nano's touch operating system (which has a screen about the size of a watch).

The tech giant has been talking
with manufacturer Hon Hai Precision Industry Co. about the new device, and Hon Hai has been working on new technologies for wearable devices (such as more efficient displays and chips at that size).


[Image Source: Lunatic]

Last month, a patent application for a "Bi-stable spring with flexible display" was filed by Apple in 2011. It described a bi-stable spring that would be made out of thin steel and wrapped in fabric covering, then heat-sealed. The display would be located on one side of the bracelet (overlaid with an adhesive) and the logic board and battery would be placed on the other side. It also showed a universal fit, a plethora of onboard sensors, wireless charging, etc.

No matter what the end result is, Bloomberg believes Apple could rake in the cash on this new venture. In fact, the report stated that the iWatch could be more profitable than the TV it's been working on.

According to Bloomberg, the global watch industry will generate over $60 billion in sales in 2013, where gross margins are about 60 percent. The TV industry will generate about $119 billion in sales this year, but with gross margins about four times less than watches. If Apple were to take a 10 percent share in each market, it'd be a gross profit of $3.6 billion for watches and $1.79 billion for TVs.

Sources: The Verge, Bloomberg



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RE: Someone please explain to me
By foolonthehill on 3/4/2013 2:33:04 PM , Rating: 3
I don't either, watches have gone out of style. But, it'll have an Apple logo on it, and that means people will stand in line for hours for the privilege of buying one.


RE: Someone please explain to me
By Motoman on 3/4/2013 2:39:31 PM , Rating: 5
It's primary function will be in aiding in the identification of dipsh1ts. It'll save a lot of time in personal interaction..."Say, I was wondering if you could give your opinion on...oh, sorry, didn't see the iWatch. Nevermind."


RE: Someone please explain to me
By Samus on 3/5/2013 12:40:46 AM , Rating: 4
One thing is certain, and that is if Apple is now getting their "next-gen" ideas from Kickstarter campaigns, they are completely out of magic.


RE: Someone please explain to me
By inperfectdarkness on 3/6/2013 2:34:35 AM , Rating: 3
"...out of style"? Since when? I don't see jewelery stores liquidating their chronograph offerings. Breitling, Tag Heuer and Zephyr haven't gone out of business.

I suspect that hipster-ism and its commensurate smartphone addiction has convinced some people that watches are passe and outdated.

I, on the other hand, will never exercise by lugging around a smartphone to check my stats. Nor will I ever be allowed to carry a phone of any type inside a secured classified location. You'll see all cars stop being offered with analog gauges WELL before watches stop being useful or go out of style.


RE: Someone please explain to me
By Skywalker123 on 3/6/2013 5:22:11 AM , Rating: 2
Only hi line models are selling. Your too weak to "lug" around a smart phone when u exerise? How many people go inside these sites you mention? Wathes are already out of style but for the high dollar models aforementioned


By inperfectdarkness on 3/6/2013 12:32:51 PM , Rating: 2
When I'm doing squat-thrusts, I really don't feel like I need a smartphone. Same goes for bench-press, tread-climber, etc.

Even if I'm running cross-country, a smartphone/mp3 player would be strapped to my arm, not readily visible to read. Smartphones are also NOT waterproof--eliminating their usefulness for doing laps in the pool.

I also call BS on "only hi-line models are selling." Timex Ironman is a perennial best-seller, and the Casio G-Shock is wildly popular. Hard-core outdoors types swear by brands like Suunto--and even the top-of-the-line Suunto's are still priced about where the cheapest Tag-Heuer begins.

Watches are NOT out of style. You need to get around more. WORKING types almost always carry them. You know...the kind who don't sit behind a desk & don't have that nifty system clock in on the lower-right taskbar.


"My sex life is pretty good" -- Steve Jobs' random musings during the 2010 D8 conference

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