Taiwan wins Apple iWatch orders: Analyst, reports
TAIPEI (AFP) - Two leading Taiwanese electronics firms that assemble products for Apple have received orders to make the highly anticipated "iWatch", an analyst and reports said on Wednesday.
"Apple is likely to introduce 'iWatch' in 2014. From our channel checks, Inventec is the major assembly source for 'iWatch', with about 60 per cent of order allocation," said CIMB Securities analyst Wanli Wang in a report.
CIMB projects 63.4 million units of "iWatch" shipments in the year after its launch with an average price of around US$199 (S$255), while the "iWatch" project is estimated to contribute 19 per cent of Inventec's earnings in 2014, the analyst said.
Taiwan's Apple Daily newspaper said Quanta Computer was splitting the "iWatch" orders with Inventec by taking 40 per cent of order allocation, citing unnamed sources.