Friday, August 29, 2014

Apple iWatch Said to Tell Time, Insiders Say

CUPERTINO, Calif. — (TYDN) The iWatch, Apple's much-anticipated first foray into wearable devices, is expected to keep time, TheYellowDailyNews has learned.

Several Cupertino sources, speaking to TheYellowDailyNews on condition of anonymity because of the sensitivity of the topic, said the 2.5-inch watch Apple is expected to  unveil next week will be equally as gorgeous as it will be able to tell time from any location on earth.

Photo: Martin Hajek/TYDN
Because of the time-telling feature, analysts said Apple could sell 10 million units of the iWatch in its first six months on the market. Apple hasn't confirmed the iWatch, but several sources, speaking to TheYellowDailyNews on condition of anonymity, said Cupertino will unveil Sept. 9 a device that many are calling "the most gorgeous timepiece the world has ever seen."

Analysts, however, were taking Apple executives to task for not introducing a watch years earlier. Shareholders are expected to launch a class-action next week, alleging that Apple's shares would be as much as 18 percent higher had Apple debuted the iWatch by no later than 2012, according to people who have been briefed on the lawsuit.

"I mean, how could Apple not realize that all they had to do was slap their logo on a watch and they could increase its value ten-fold, instantly," Jada Parkstein, a Merrill Lynch financial analyst who covers Apple, said in an exclusive interview with TheYellowDailyNews.

To make up for lost time, Apple executives have agreed to double the number of Apple logos on the watch in a bid to increase sales.

Wall Street reacted to that news by sending Apple shares up 3 percent.

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