How much is Apple’s fabled iWatch worth to you? $150? $200? Or would you be willing to pay even more if it pretty much replaced the need for an iPhone?
Well, at least one industry analyst seems to have already pinpointed how much the iWatch could be worth for Apple and has earmarked the world’s first true Smartwatch for revolutionary greatness on the scale of both the first iPod and the iPhone.
According to Oliver Chen of Citigroup, the iWatch could potentially be worth no less than $6 billion to Apple, if the Cupertino company makes all the right moves…as of course they do, and will. The reason for such high estimates is the way in which the iWatch doesn’t represent the usual slight modification of what we already have, but instead heralds the dawn of a completely new market with something the likes of which we’ve never seen before.
As such, in terms of both novel interest and general functionality, Chen sees a future where the iWatch could swallow up a good 10% of the world’s wristwatch market-share. And on top of this, profit margins for Smartwatches are expected to be decidedly huge, which all adds up to Apple’s potential to take home several billion dollars over the course of the next few years following the launch of the iWatch.
However, the iWatch won’t be the only device of such a nature gunning for glory as we’re already very much aware that Samsung is embarking on a Galaxy Watch project as we speak. And assuming that both Smartwatches will offer superb compatibility with their sibling Smartphones and Tablets, Samsung may have the upper hand due to its massive lead in terms of its overall share of the global market.
As such, it could well be a case of whichever of the two passes the finish line first with all the right bells and whistles to offer could secure the lion’s share of interest and the resulting rewards.