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The Most Accurate Apple Analyst In The World Is Predicting The iWatch Will Cost Over A Thousand Dollars

Apr 10, 2014, 05:23 IST

SourcebitsA fan mock up of the iWatch

The iWatch is going to be very expensive, says KGI Securities analyst Ming Chi Kuo in a new note.

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Kuo predicts some models of the iWatch will cost over $1,000 when it's out in the third quarter. Kuo's report was written up at MacRumors and Apple Insider.

Here is MacRumors write up of his note:

Kuo believes the iWatch will ship during the end of the third quarter, offering biometric functionality, integration with the iPhone, iPad, and Mac, and a "fashionable appearance." As has been previously suggested, he predicts the device will come in two sizes, with a 1.3-inch and 1.5-inch flexible AMOLED display. It will also include a sapphire cover lens, biometric recognition, an NFC chip, wireless charging, a 200 to 250 mAh battery, and a slim and light design. Kuo also believes that Apple will offer the iWatch at multiple price points, with the most expensive version costing upwards of $1,000.

Last year, Kuo proved himself to be an excellent source of Apple hardware news. He wasn't perfectly accurate, but he had the broad outlines correct.

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We'll be stunned if Apple releases the iWatch at price points over $1,000.

Apple is a consumer technology company that delivers mainstream products. There's nothing mainstream about a $1,000 smartphone accessory.

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