This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Poll: Would You Buy an iWatch?

NEW YORK ( TheStreet) -- Apple (AAPL - Get Report) is reportedly moving into wearable technology, as details continue to emerge about an iWatch.

Several publications over the past few days have published stories about Apple moving into the smart watch industry. The New York Times, The Wall Street Journal, and Bloomberg have all come out with articles discussing Apple's move into watches, with some surprisingly strong detail.

Bloomberg went so far as to put a number on the employees working on the watch, even naming some of them. Reportedly, James Foster, senior director of engineering, and Achim Pantfoerder are part of the team. In total, there are supposedly 100 employees at Apple working on the device.

The supposed Apple wristwatch is said to work in conjunction with other Apple devices, perhaps with the iPhone. Nike (NKE - Get Report) already has a smart watch, but has not caught mass traction with the device.

A smart watch by Apple could be big business for the company, which has recently dealt with concerns over innovation. Morgan Stanley analyst Katy Huberty believes the watch could be worth as much as $10 billion to $15 billion in annual revenue for Apple, or $2.50 to $4 a share in earnings. This assumes a $200 price point, and 20% of the 500 million iTunes users buying one.

Huberty notes that Apple may have an advantage over other watches already in the market. "Current products in the market sell at an average of $140, but offer limited functionality versus the integrated iOS platform," Huberty wrote, in her note. She rates Apple shares "overweight" with a $630 price target.

As Apple struggles to deal with the perception that it can't innovate any more, an iWatch and the oft-rumored Apple television could answer some of the company's critics.

TheStreet wants to know whether you'd buy an iWatch. Please vote in our poll - the results will be up on Tuesday.

Would you buy an iWatch?

--Written by Chris Ciaccia in New York

>Contact by Email.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
AAPL $110.78 0.36%
NKE $124.27 -0.75%
FB $93.69 1.80%
GOOG $638.06 1.80%
TSLA $241.00 -2.70%


Chart of I:DJI
DOW 16,776.43 +304.06 1.85%
S&P 500 1,987.05 +35.69 1.83%
NASDAQ 4,781.2640 +73.4890 1.56%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs