Analyst Dashes Hopes for an Apple iWatch Christmas
Fans of wrist-worn iOS-based devices may want to brace themselves for disappointment when they unwrap their presents this holiday season. According to a recent research note from KGI Securities analyst Ming-Chi Kuo, Apple is struggling with various production issues that may push the launch of the so-called “iWatch” into next year. In a note to investors obtained by 9to5Mac, Kuo claimed that the iWatch’s dissimilarity with Apple’s currently existing products has presented the company with “a much higher level of difficulty for the company as regards component and system design, manufacturing and integration between hardware and software.”
Kuo, who apparently has good connections with insider sources in Apple’s Asian supply chain, has correctly predicted major details about Apple’s previous products, including last year’s iPhone 5S. On the other hand, while Kuo is known to have a fairly good track record when it comes to product details, the timelines for his predictions have not always proven accurate.
This is not the first time that Kuo has updated his expectations for the iWatch. In a “new product roadmap” obtained by Apple Insider in April of this year, Kuo predicted that the iWatch would make its debut with two different sized models in the third quarter of 2014. Kuo also claimed that “the rumored iWatch will be Apple’s most important product this year, carrying much more weight than iPhone 6.”
However, Kuo began to adjust his timeline for the iWatch as the year wore on. In a research note issued in July and obtained by 9to5Mac, Kuo predicted that mass production of the device would probably not begin until “late-September to mid-/ late- November,” with the majority of units becoming available in December. He also lowered his total iWatch 2014 shipments estimate by 40 percent to just 3 million units, about half the amount that many other analysts had been expecting.