"Apple is likely to introduce 'iWatch' in 2014. From our channel checks, Inventec is the major assembly source for 'iWatch', with about 60 per cent of order allocation," said CIMB Securities analyst Wanli Wang in a report.Supply chain sources do on occasion offer accurate information on Apple's plans, but they are also prone to sharing incorrect or incomplete information, so their reliability is difficult to ascertain.
CIMB 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 per cent of Inventec's earnings in 2014, Wang said.
CIMB's pricing and unit shipments also appear to be based more on speculation and modeling than any specific information, suggesting that they should be taken with considerable skepticism.
In the past couple of months, Apple has been reportedly been ramping up its iWatch effort, hiring new employees with expertise in health sensors, including fitness expert and Nike product consultant Jay Blahnik. Apple has also been filing trademark applications on the iWatch name in a number of countries, and is reportedly looking toward a late 2014 launch for the product as it works to solve numerous technical challenges.