This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
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
$1 buys you full access to ALL of TheStreet's Subscription Services! Learn More

Apple iWatch Could Be Delayed: Report

Stocks in this article: AAPLAMZN

NEW YORK (TheStreet) -- KGI Research analyst Ming-Chi Kuo predicts Apple (AAPL) will begin mass production of its much-rumored iWatch in November, potentially possibly pushing back the formal announcement of Apple's much anticipated next device.

According to his latest note Kuo says, "We have pushed back our estimated time of iWatch mass production from late-September to mid-to-late-November. We also lower our forecast of iWatch 2014 shipments by 40% to 3 million units. We believe developing the hardware and OS of iWatch will be a much more difficult task than for Apple's existing products."

Apple could not be reached for comment on the report.

Shares of Apple were higher in late Friday morning trade, gaining 0.36% to $95.38.

Kuo has had a solid track record when it comes to predicting future Apple products, as well as when they'll reach the marketplace. His recent predictions and details concerning Amazon's (AMZN) new smartphone were also quite accurate.

Though unconfirmed, Apple's wearable device is rumored to be coming in two models -  a competitively-priced 'Sports' version, and a more expensive 'Designer' model with a larger 1.5-inch display. Kuo believes the new devices will be waterproof, have flexible AMOLED displays and feature sapphire displays. The devices are also expected to integrate iwith iOS devices, and incorporate biometric recognition, wireless charging and Near Field Communications (NFC).

In an April, Kuo discussed what Apple might be considering targeting buyers of super-luxury devices. "Fashion is the name of the game; most expensive model likely priced at several thousand US dollars," the analyst wrote in a note. "Referring to the rules of the fashion market, we predict the iWatch casing and band will come in various materials. The most expensive model of the iWatch line will carry a price tag of several thousand US dollars." Analysts are predicting anywhere from 5 million to 58 million in first-year unit sales for the iWatch. This would equal between $1.75 billion to $17 billion in added revenue, assuming the watch is priced between $250 and $350.

-- Written by Gary Krakow in New York.

To submit a news tip, send an email to tips@thestreet.com.

Gary Krakow is TheStreet's Senior Technology Correspondent.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

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
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

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

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, 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
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,807.11 +88.11 0.50%
S&P 500 2,060.19 +7.44 0.36%
NASDAQ 4,712.7290 +10.8620 0.23%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs