Two leading Taiwanese electronics firms that assemble products for Apple
have received orders to make the highly anticipated "iWatch", an
analyst and reports said Wednesday.
"Apple is likely to introduce
'iWatch' in 2014. From our channel checks, Inventec is the major
assembly source for 'iWatch', with about 60 percent of order
allocation," said CIMB Securities analyst Wanli Wang in a report.
(Also see: Apple 'iWatch' is Jony Ive's pet project, could release this year: Report)
projects 63.4 million units of "iWatch" shipments in the year after its
launch with an average price of around $199, while the "iWatch" project
is estimated to contribute 19 percent of Inventec's earnings in 2014,
Taiwan's Apple Daily newspaper said Quanta Computer was
splitting the "iWatch" orders with Inventec by taking 40 percent of
order allocation, citing unnamed sources.
Inventec and Quanta both declined to comment.
computing devices such as Google Glass eyewear are widely seen as the
next frontier in consumer electronics, following the huge popularity of
Competition in the "smartwatch" market is heating
up, with Google, Microsoft and Samsung Electronics racing to develop
their own watch-type computing devices.
California-based Apple last month filed a trademark application for an "iWatch" in Japan.
Apple chief Tim Cook earlier this year forecast that there will be "tons of companies playing" in the wearable computing sector.