Apple Inc. (AAPL): Rumors Of The Week

A Cantor Fitzgerald analyst believes that Apple’s suppliers will start making parts for the iWatch this week, and that the device will debut with the iPhone 6 in September.

He estimated that the lowest-tier price for the iWatch will be between $199 and $229.

Other rumors agree that the iWatch will be coming this fall, but not until October.

An analyst at UBS believes the iWatch will be a big hit. He predicts 21 million iWatches will be sold in fiscal 2015, and 36 million sold in fiscal 2016.

That would put the sales of iWatches during its first two years on the market on a par with sales of the iPad during its first two years.

He is also predicting an average iWatch sales price of $300 and concludes that the iWatch could increase earnings per share by 15 cents in fiscal 2105 and by 30 cents in fiscal 2016.

There were also new rumors about the iPhone 6.

Photos that were said to be leaked pictures of the iPhone 6 design show a slim case with rounded corners; a button on the side, most likely the power button; and a flashing Apple logo on the back to indicate incoming calls.

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By Diana Primavera, ETF Daily News

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