Will Consumers Buy Apple's iWatch?

NEW YORK (TheStreet) - Apple's (AAPL) forthcoming iWatch could go either way, according to one analyst, as consumers have yet to fully embrace the notion of wearing their tech gadgets.

On the heels of Apple's Worldwide Developer Conference last week, in which the Cupertino, Calif.-based company announced a host of new software developments but no new hardware products, consumers and investors are getting ready for the next round of new and improved Apple products set to hit stores in the fall. Apple has been rumored to be releasing its next version of the iPhone as early as August. It is also rumored to be launching its much-talked about iWatch in October, according to media reports that cite Japan's Nikkei news service.

Tech enthusiasts pointed to Apple's announcement of its new Health app last week as a likely precursor to the iWatch. The new Health app aims to gather information from a user's various health apps and fitness devices to provide a clear and current overview in one location, Apple said last week. And with the new iOS 8 software, the apps will be able to communicate with each other with a user's permission. For example, Nike's (NKE) apps using NikeFuel will be able to pull in other key HealthKit metrics such as sleep and nutrition to build a custom user profile and improve athletic performance, the company said.

Still getting consumers on board with wearables will be a challenge.

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