Apple Inc Chief Executive Officer Tim Cook on Monday is expected to
announce details of the first product developed under his leadership, a
watch that Apple hopes will transform the market of wearable technology.
The
company provided a sneak preview of the "Apple Watch" in September, has
shown it to fashionistas, and even bought a 12-page advertising spread
in Vogue magazine, but fans and skeptics are eager for more details.
With
a rectangular face of about 1.5 inches (38 mm) in the smaller of two
sizes, the watch wirelessly tethers to an iPhone, measures heart rate,
and can tap wearers on the wrist to signal a new message or appointment.
The price will start at $349.
Apple has said the watch will
launch in April and speculation is rife on what capabilities, from
healthcare and fitness to navigation and entertainment, will be
included. Apple fans have been waiting for a new type of product for
five years, raising expectations.
It is an open question whether
Apple or anyone else can create a new market for watches. The first
watches based on Google Inc's Android Wear software became available
last year.
Companies, including Samsung Electronics Co Ltd, LG
Electronics Inc, Huawei Technologies Co Ltd and Qualcomm Inc,
collectively have not yet had a wearable hit. More companies are
expected to test the waters this year, including possibly Xiaomi
Technology Co Ltd, China's largest maker of smartphones.
Meanwhile, traditional watch brands such as Swatch are beginning to make timepieces with features such as activity tracking.
Roughly
4.6 million smartwatches were shipped in 2014, according to research
firm Strategy Analytics. Analysts estimate that Apple could sell
anywhere from 10 million to 32 million Apple Watches in 2015. By
comparison, Apple sold about 15 million iPads in 2010, after an April
launch.
Apple will have to "tweak" its stores to handle the watch, Cook told the Telegraph newspaper recently.
Cook
is expected to take stage at 10 a.m. PST (1 p.m. EST) on Monday in a
carefully choreographed presentation. The company has not confirmed the
event is about the Watch, but the invitation simply reads "Spring
Forward," a word play on the resetting of watches for daylight savings,
which begins the day before.
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