Does Apple’s Spending Confirm the iWatch?

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Mario Tama/Getty Images

Mario Tama/Getty Images

Apple has made no secret of the fact that it is working on some important new products that will be unveiled this year. During the company’s fiscal 2013 fourth-quarter earnings call almost a year ago, CEO Tim Cook repeated his promise of “exciting new products … across 2014,” reports Seeking Alpha. More recently, at Re/Code’s inaugural Code Conference in May of this year, SVP of Internet software and services Eddy Cue noted that, “Later this year … we’ve got the best product pipeline that I’ve seen at Apple in my twenty-five years at Apple.”

Of course, with Apple being the highly secretive company that it is, those general statements were the extent of the new product details that the company executives were willing to share. However, countless purported component and information leaks from the company’s supply chain have provided Apple watchers with plenty of rumors to mull in the meantime. While unverified information about unreleased Apple products should always be taken with a grain of salt, most industry analysts believe that the company is planning on releasing two new iPhone models with larger screen sizes of 4.7 inches and 5.5 inches in September. Other details about the devices are fuzzier. The so-called “iPhone 6” may or may not have a sapphire-covered screen, a Near Field Communication (NFC) chip, or a 128GB capacity option.

There is even less information and analyst consensus on Apple’s long-rumored entry into the wearable tech market. The so-called “iWatch” is rumored to include health-monitoring and fitness-tracking sensors that will presumably work in conjunction with the health data storage platform called HealthKit and the associated Health app. However, besides a few isolated rumors about the difficulties that Apple has supposedly encountered with the production of the device, information on Apple’s iWatch has been scarce and there have been no component leaks. In a note to investors obtained by 9to5Mac, KGI Securities analyst Ming-Chi Kuo even suggested that the highly anticipated product might be pushed into next year.

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