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Will Apple Shake-Up the Watch Industry?

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  • Description

    FBN's Shibani Joshi on the company's rumored watch and its potential profitability.

  • Duration 2:20
  • Date

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This transcript is automatically generated

Thank you to call.

Looks like jagged timing for apple the company's rumored I watch -- not a big bucks for the company going forward.

Yeah really -- -- -- -- and it's funny that I logic.

They can't -- -- -- Joshi as the day I doubt that big black -- -- have on -- and I have a feeling that Apple's Mac -- be able to convince you to take that off any time soon now yeah well it -- up their music industry is shake up the Smartphone industry.

And now people are talking about it shaking up at the watch industry.

I think of reality as soon as this year and that is according to reports from various sources including Bloomberg and many other.

Hi tech journals -- very Johnny I at the top designer.

At apple the top design cheese and -- staff of a hundred people have already filed.

75 patents already and they're working on this wearable technology.

That could have a whole host of very cool features including the belly while not just take -- -- tell time.

Make phone calls do mapping have health features like -- heart rate monitor at odometer.

Of course still have the backbone of the IOS integration as well now this talk all comes at a very critical time for apple shareholder -- -- one.

You know exactly what I've talking about fallen off of a -- from -- September highs of 700 dollars a lot of people.

Very concerned about the long term prospects of products that are gonna generate growth out of this company.

And speaking of growth Citigroup believes that this is a huge opportunity.

For apple calling this this six billion dollar opportunity.

Higher margins are usually garnered in the watch industry even higher than what people say apple will get out of new television set when and if that does materialize.

This sad this product line also carries margins at 60%.

So bringing additional revenues higher margins a win win all the way.

But again he can't get date in -- switch.

Let's salon from prospect of that I don't know Shibani that take -- represents the the country as a whole on this sort of maybe any other that it shouldn't.

-- -- -- -- Our family you know and other stuff that's -- -- in an -- -- a lot Tim Cook and and an annual meeting he's like hey have some patients trust us.

We got a lot of stuff cut ten have eclipsed the -- -- Zandi and they've now been at -- -- lot -- -- TV that you don't appreciate it.

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