“Apple CEO Tim Cook hinted at a new product category during the company’s earnings call last month,” Lance Whitney reports for CNET. “And Morgan Stanley analyst Katy Huberty says she believes that category is most likely a wearable device.”
“Reports and rumors have run rampant about a possible smartwatch from the minds of Apple. If such a device does clock in this year, Huberty predicts that Apple could generate as much as $17.5 billion in revenue during the first 12 months,” Whitney reports. “That number assumes a price tag of $299 and a customer base similar to that for the iPad.”
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