How Will iWatch Reports Affect Apple (AAPL) Stock?

NEW YORK (TheStreet) -- Contract manufacturer Quanta will begin mass production of Apple (AAPL) iWatches next month ahead of a product launch that could happen as early as October, according to Reuters.

The device will reportedly have a 2.5 inch touch display along with a pulse monitor that may work with iOS 8's Health app.

The tech giant is expecting to ship 50 million units of the watch in the first year of availability.

Must ReadWarren Buffett's 25 Favorite Stocks

TheStreet Ratings team rates APPLE INC as a Buy with a ratings score of B+. TheStreet Ratings Team has this to say about their recommendation:

"We rate APPLE INC (AAPL) a BUY. This is driven by multiple strengths, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, notable return on equity, expanding profit margins and good cash flow from operations. Although no company is perfect, currently we do not see any significant weaknesses which are likely to detract from the generally positive outlook."

If you liked this article you might like

Why Apple Is Increasingly Investing in Its Suppliers, Including Possibly Toshiba

Why Amazon's Reported Smart Glasses Might Be Just a Niche Product -- For Now

Driving This Beastly Cadillac CTS Reminded Me That Sexism Is Alive and Well

PayPal's Venmo Gets Ready to Take on Apple