iWatch From Apple: Earlier today, we brought you a story about the potential for an Apple Inc. (NASDAQ:AAPL) iWatch to be more profitable than a television. In the story, we shared the following information:
“The gross margins on watches are roughly 60 percent. This is four times more than for televisions. With this in mind, it would only make sense for Apple Inc. (NASDAQ:AAPL) to focus its attention on releasing an iWatch.”
Apple is actually the smart money’s second favorite publicly traded company (see why it’s important to pay attention to hedge fund activity).
If you believe all the rumors that are circulating, an iWatch is going to hit the market sometime in 2013. Nobody knows if this is definitely going to happen or when it would be released, but there is a lot of information out there.
For example, here is a brief rundown from Business Insider on what the device may offer:
“Features under consideration include letting users make calls, see the identity of incoming callers and check map coordinates, said one of the people, who asked not to be identified because the plans aren’t public. It would also house a pedometer for counting steps and sensors for monitoring health-related data, such as heart rates, this person said.”
While an iWatch is something that will get a lot of people excited, to many, including investors, the more important detail is that it could be super profitable.
To get a better idea of the potential profit margin of the iWatch, Business Insider took the time to break down some stats for a seemingly similar device. Here is what you need to know: