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iWatch to profit $6 billion in the future

iWatch to profit $6 billion in the future

A billion-story in the making.

Rumors are now spreading for a new Apple product. Some analysts say that this will revolutionize portable players, tablets, music, and smartphones, and will change people’s view on wristwatches. A tech expert believes that this could be worth billions to the super tech giant.

According to Oliver Chen, a Citigroup analyst, the rumored iWatch of the company could be billions of opportunity for them, pulling some numbers by around $6 billion. Furthermore, he thinks that there could be even plentier than $6 billion if the tech giant creates something that is totally fresh and new just like what they had when they launched iPod.

iWatch to profit $6 billion in the futureHe noted that the watch market globally is now priced at about $60 billion every year. The $6 billion could-be oportunity for Apple only depends upon the company if they capture at least ten percent of the total market.

However, Chen is also looking for a lesser profit of about $3.6 billion for the Apple iWatch.

Chen believes that the iWatch could give the company more money rather than paying much of their attention to revolutionizing the television market.