Apple “iWatch” Arriving In 2013

Apple’s stock has recently fallen by almost 30%, down from an all-time high of $703 in late 2012. Despite recording phenomenal earnings, Apple investors are becoming sceptical of Apple’s future plans. Apple is losing their gross margin on the products they sell as components become more expensive and competitors in the industry push Apple to lower their prices. A new report has outlined Apple’s plans to introduce a smart watch in 2013 which would help reintroduce high margins into Apple’s product categories, thus satisfying investors. Oliver Chen, an analyst for Citigroup, has told reuters that Apple has a “$6 billion opportunity” where they could recreate the success of the iPod; reinvent a market that already exists and make it desirable to the general public. In 2013, the entire watch industry is expected to generate $60 billion, which would enable Apple to catch 10%, equivalent to a gross profit of $3.6 billion. Margins on watches are also much higher, with some manufactures getting up to 60%; the iPhone currently nets Apple a 55% margin. Apple is reported to have a 100-person team working on their
“iWatch”, which may replace some of the tasks making currently carried out by the iPhone and iPad. Also Apple is considering the ability for the smart watch to place calls, identify the person an incoming call, check map coordinates as well as act as a pedometer and heart-rate monitor. As of right now, Apple has filed almost 80 patents which include the word “wrist”, one of which includes a flexible screen and a battery charged by kinetic energy. Google is currently developing Glass, which will features a small built-in screen which will be viewable in the right eye of the user. However, Glass does not include a 3G radio, effectively chaining it to a smartphone. If Apple included such a radio in their smart watch, they could open up a new brand of “smart” accessory. Jony Ive, Apple’s lead designer, has an interest in watch. Not only has he owned many high-end brands himself, he also took his team to a Nike factory for a tour. Google Glass will be unveiled at the end of 2013/early 2014, while Apple’s inside source is adamant that Apple’s smart watch will be available during 2013, possibly at Apple’s main WWDC event in June. Another problem Apple faces in regards to a watch is design. People are happy to carry around the same smartphone as everyone else, but a watch is even more of a fashion statement. Apple’s one-size-fits-all mentality may not work in the watch industry where consumers may want different types of straps or different materials. Apple may be forced to offer various models, something they do not like doing. Source: Know Your Destiny
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Wrist watch mobile phone maker company enters in Indian market


News Track India: Taking a leapfrog from Europe to India, a Netherland based wrist watchmobile phone making company on Friday has put its first step in India by opening its three outlets in capital and capital region and launching its some models to attract customers. A  Netherland - based  company Burg that Manufactures innovative wrist watch mobile phone Friday launched its five models Burg 9, Burg 10,
Burg 11, Burg 12 and Burg 13 in Delhi and Gurgaon outlets. The price of the launched ranges between Rs.9,000 to Rs.24,000. Describing the features of Burg?s product, Company?s global sales director Koen Pieters said that these wrist watch mobile phone is equipped with all features of mobile phones and wrist watch. Using their device, you can make and receive phone calls, send and receive SMS, access internet, take snapshots from its camera, do video recording and all those which a modern smart phone
contains, he said. Moreover, the features of bluetooth, image viewer and file manager are also included in it. Koen also informed that company, which is now targeting to open 20 outlets in India across the country viewing its rich and broad market. "India is emerging as one of the key market for technology products as India's expanding economy and rising disposable incomes are fostering demands for such gadgets," Koen Pieters said. "India is the next focus destination for Burg in its global road map. We will keep introducing our wide range of futuristic products for Indian consumers at their door steps," he added.  Burg already has significant presence in Italy, Germany, Russia, Mexico, United States of America, Spain, Chile, Venezuela, Norway and Switzerland. --With Agencies Inputs-- Source: News Track India
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