Taiwanese tech companies Quanta and Inventec are planning to make 38 million iWatches by 2014, Taiwanese tech website Appledaily has reported.
Wanli Wang, an analyst at tech company CIMB Securities, suggested that the companies might be able to ramp up production and ship more than 63 million watches in 2014.
Quanta is known to have won orders to make 60% of the bulk of watches, while Inventec will make 40%.
It’s not clear what features the device will have but analysts have predicted that users will be able to connect the iWatch to their phone and get updates without needing to consult their phone directly.
Apple hasn’t made a formal announcement about launching the iWatch but filed for an “iWatch” trademark in Japan in July.
Gartner’s Angela McIntyre thinks that the iWatch will be priced between $149 and $199.
“That’s within the price range of a nice holiday gift for a husband or wife. Apple products are typically priced somewhat more than competing devices, and people who pay a premium for the Apple brand expect better quality and design,” she told The Guardian
“If Apple ships more than 63m units the year after launch, iWatch would ramp faster than iPhone, iPad or iPod, which seems unlikely. If Apple gets the iWatch right, it could become the top selling smartwatch.”
Samsung’s answer to iWatch will be a watch device called “Gear” which is expected to launch on 4 September at the IFA event in Berlin. Google too is planning to launch “Google Glass” by 2014.
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