Seeking Alpha

Report: Apple unveiling wearable device at Sep. 9 iPhone event

  • In addition to showing off the iPhone 6, Apple (AAPL +1.2%) will "unveil a new wearable" on Sep. 9, re/code's John Paczkowski reports.
  • Paczkowski, who originally reported of a Sep. 9 iPhone event date and has a decent track record, doesn't use the term "iWatch" in his report. He does state Apple's wearable will "make good use" of its recently-announced HealthKit and HomeKit platforms.
  • The Nikkei previously reported the iWatch will have a flexible OLED display and initial production of 3M-5M units/month. The WSJ has reported of multiple models, sapphire cover glass, and "more than 10 sensors to track and monitor health and fitness data."
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Comments (45)
  • Mdeva
    , contributor
    Comments (21) | Send Message
     
    I know all you AAPL hogs will complain, but I was told by several SA analysts to wait for AAPL to get back to 90 before buying, SO I'M WAITING. You fools continue to sit on your holdings while AAPL goes over 100 - or 110 - or 120, we'll see who gets the last laugh.

     

    Help me here, Michael?
    Somebody?
    Anybody?
    27 Aug 2014, 01:47 PM Reply Like
  • Tmigtkptmilmd
    , contributor
    Comments (65) | Send Message
     
    You shouldn't sell because of expected short term volatility. You always risk missing out. I just use short term downswings to increase positions in the strongest companies. You will win more this way than you lose by forgone profits by missing the boat.
    27 Aug 2014, 01:52 PM Reply Like
  • boyeoshin
    , contributor
    Comments (7) | Send Message
     
    The sarcasm is strong with this one.
    27 Aug 2014, 01:57 PM Reply Like
  • rocback
    , contributor
    Comments (1123) | Send Message
     
    I am selling Sept 8th and putting it all into BAC. Last time I SAID I was going to do that the day the I phone 5 came out because it was the first one with Verizon. That day was the top...exactly. This one will be even bigger but by Sept 9th release it will all be priced in and no matter how good it is, there will be a wave of criticism.
    27 Aug 2014, 01:57 PM Reply Like
  • elliseconomics
    , contributor
    Comments (77) | Send Message
     
    Long wait coming ... my guess is the next split....
    27 Aug 2014, 02:15 PM Reply Like
  • aardvark3
    , contributor
    Comments (534) | Send Message
     
    And for good reason.
    27 Aug 2014, 02:40 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (2116) | Send Message
     
    Makes perfect sense to intro this with the iPhone imo.
    27 Aug 2014, 03:32 PM Reply Like
  • DWBowers
    , contributor
    Comments (1281) | Send Message
     
    Mdeva, did you listen to the SA analysts last year when they said buy when the stock was 45% lower?

     

    Analysts are on both sides of the trade. MB doesn't understand Apple or their vision for the future so he's been shorting Apple for a long time. The shorts are getting hammered as Apple continues to reach new highs.
    27 Aug 2014, 03:39 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (2116) | Send Message
     
    On a serious note, numerous sources have said 3-5MM/mo. wrist communicators, along with 70-80 iP6s for CY14. The street has zero wearables and 50-60MM iP6s. If Apple comes close to those numbers, estimates are going way, way up...
    27 Aug 2014, 04:12 PM Reply Like
  • tarheelboy
    , contributor
    Comments (212) | Send Message
     
    How could anyone make such a ridiculous comment; u don't even make a little sense. If you're waiting for apple to hit 90, you're not a hog, you're a mouse !
    27 Aug 2014, 04:39 PM Reply Like
  • 27975573
    , contributor
    Comments (303) | Send Message
     
    ....rocback....

     

    then buy the component suppliers that will highlight the newest technologies.
    Sierra Wireless (NASDAQ:SWIR) or motion sensors and control; like InVensense (NYSE:INVN).

     

    The banks (NYSE:BAC) are being regulated to death!!
    28 Aug 2014, 12:05 PM Reply Like
  • smart_investoor
    , contributor
    Comments (221) | Send Message
     
    this can easily sell at least 3 million a month
    27 Aug 2014, 01:48 PM Reply Like
  • Dennis Baker
    , contributor
    Comments (1371) | Send Message
     
    What can sell 3 million a month?

     

    We have no idea what it is. The various Android devices haven't even sold 3 million units collectively. I'm pretty sure Apple's going to do a much better job cranking out *something*, but we have no idea what it might be.

     

    Medical Device like an over-glorified FitBit?

     

    Electronic payment band?

     

    Home automation controller?

     

    A bit of all of that?

     

    How much will it cost? Will it be subsidized?

     

    There is just a huge void when it comes to information about this thing which makes me scratch my head when people say how it's going to be a huge success (or failure)
    27 Aug 2014, 03:21 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (5583) | Send Message
     
    Agreed, many open questions before Sept 9 regarding customization (people want unique design on their wrists), price points, API (will third parties get access from version one?) and general design (two sizes for men, women or even more?).

     

    The biggest question could be battery life, a big impediment for all wearables so far.

     

    Given Apple's attention to detail, I hope they found a good answer to all these issues.
    27 Aug 2014, 03:29 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (2116) | Send Message
     
    Would Apple come out with a loser? They think they can sell 3-5MM/mo. according to more than one source...that tells me they think it is really, really good. We will see.
    27 Aug 2014, 03:34 PM Reply Like
  • Walker2000
    , contributor
    Comments (30) | Send Message
     
    Well, whatever devices AAPL finally does release, they will all have interior components built by the tens of millions from SWKS, MU, SYNA and a sapphire face from GTAT. Historically, AAPL's stock price often builds going in to a new product release, and then sells off on the confirmed news, because the advance hype and hysteria is already baked in to a best-case scenario stock price. That pattern might even be more pronounced now, because since the 1:7 stock split, AAPL is affordable again - and the darling of every small-time, individual retail investor. No matter how great the next wave of AAPL products are, there is a lot more potential upside (expressed as percentage gained on investment) in these diversified component makers to AAPL, Samsung, Android, etc.
    27 Aug 2014, 09:18 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (5583) | Send Message
     
    The iWatch and new iPhones could also be interesting for INVN (sensors) and NXPI (rumors about NFC chips for first time in Apple devices).
    28 Aug 2014, 03:52 AM Reply Like
  • 27975573
    , contributor
    Comments (303) | Send Message
     
    Dennis..... you have it....."a bit of all the above"

     

    However, the most Alpha will be made by investing in the component
    suppliers. Wireless, motion control sensors, energy harvesting.....

     

    These will/should be spread out among the different products.

     

    Just "Seeking some Alpha" here.....
    28 Aug 2014, 12:10 PM Reply Like
  • Dennis Baker
    , contributor
    Comments (1371) | Send Message
     
    ----------
    Would Apple come out with a loser? They think they can sell 3-5MM/mo. according to more than one source...that tells me they think it is really, really good. We will see.
    ----------

     

    Is AppleTV a a loser?

     

    I think there's a strong chance Apple is going to put some killer products out this quarter, I just refuse to add them into my personal investment thesis. There is just too much uncertainty. I don't invest based on anonymous sources.

     

    If I wasn't confident Apple's iPhone, iPad, and Mac would deliver I wouldn't own Apple. I'm far more interested in the appeal of the big iPhone and the growing Mac momentum than I am in a huge pile of conjecture.

     

    (Even if some of it is well informed conjecture)
    28 Aug 2014, 09:41 PM Reply Like
  • Dennis Baker
    , contributor
    Comments (1371) | Send Message
     
    -------------
    However, the most Alpha will be made by investing in the component
    suppliers. Wireless, motion control sensors, energy harvesting.....
    -------------

     

    I'm curious which component suppliers you're buying?
    28 Aug 2014, 09:43 PM Reply Like
  • 27975573
    , contributor
    Comments (303) | Send Message
     
    Dennis......

     

    Covering as many bases as possible;

     

    Sierra Wireless (NASDAQ:SWIR)
    InVensense (NYSE:INVN)
    STMicroelectronics (NYSE:STM)
    NXP Semi (NASDAQ:NXPI)
    On Track Innovations (NASDAQ:OTIV)

     

    I am also figuring that the "Internet of Things"
    would or could help all these plays; with Apple leading
    in connectivity for all it's gadgets.
    29 Aug 2014, 10:21 AM Reply Like
  • Dennis Baker
    , contributor
    Comments (1371) | Send Message
     
    Cool, thanks.

     

    I was already looking at INVN, I'll have to check out the rest.
    29 Aug 2014, 03:10 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (5583) | Send Message
     
    It's happening :)

     

    PS: But the actual street release could be early 2015 only. Developers also need time to produce apps. First iPhone and iPad were also announced a few months in advance.
    27 Aug 2014, 01:51 PM Reply Like
  • Hardog
    , contributor
    Comments (10158) | Send Message
     
    HMMM wonder if th sis true or just speculation
    27 Aug 2014, 01:55 PM Reply Like
  • ronfab1
    , contributor
    Comments (524) | Send Message
     
    If true….. OH HELL YEAH!!
    27 Aug 2014, 01:56 PM Reply Like
  • pointguy
    , contributor
    Comments (3) | Send Message
     
    Go get 'em genius
    27 Aug 2014, 02:16 PM Reply Like
  • aardvark3
    , contributor
    Comments (534) | Send Message
     
    It's going up!
    27 Aug 2014, 02:29 PM Reply Like
  • weyoung
    , contributor
    Comments (3) | Send Message
     
    All the apple geeks will buy both and the stock will hit $ 115 by year end--Watch
    27 Aug 2014, 02:49 PM Reply Like
  • albanymike
    , contributor
    Comments (7) | Send Message
     
    I think it hits sooner.
    27 Aug 2014, 03:56 PM Reply Like
  • albanymike
    , contributor
    Comments (7) | Send Message
     
    Three names: Patrick Pruniaux(formerly Tag Heuer),Angela Ahrendts(formerly Burberry) ,Paul Deneve(formerly Yves Saint Laurent). Now all at Apple.

     

    This ain't gonna be no Google Watch! Excuse my slang. Homerun!
    27 Aug 2014, 02:49 PM Reply Like
  • 6034700
    , contributor
    Comments (761) | Send Message
     
    What does MB have to say now? One has to feel sorry for those who listened to him.
    27 Aug 2014, 02:53 PM Reply Like
  • User7766461
    , contributor
    Comments (156) | Send Message
     
    I really hope Tim Cook milks his first big "One more thing" moment.
    27 Aug 2014, 03:11 PM Reply Like
  • fitness14
    , contributor
    Comments (101) | Send Message
     
    The people in the know are analyzing the important factors, like where is the growth going to come from. App Store, iAd's, subscription music service, growing business usage (IBM partnership), education usage, iwatch .....add all this up and then add in non-saturated markets and you have the makings of a renewed growth rate in the future. Top it off with the brand that is able to charge a premium and make a profit while doing business. Oh, plus they have a few bucks laying around. Did I forget to mention that Wall Street already has the articles written laying in a drawer for a rainy day about how Tim Cook has actually improved the company since taking over from Steve Jobs, and that Steve probably pick Tim for a reason, and that Steve wasn't a moron.

     

    The same people in the know were the ones whipping up dooms days scenarios for how Apple was all but done with one foot in bankruptcy and the other on the banana peel through hit pieces ......while with their free hand on their keyboards backing up the truck.

     

    Apple was a great company, is a great company, and will continue to be a great company for the foreseeable future. Primely positioned in a wonderful young growing market, whose pie is itself growing.

     

    120? 130? 150? I would say it will hit 150 within 18 months.

     

    You would have to be a fool to short or sell Apple anytime in the next 6 months. You were warned, Sept. 9 + 3 positive earnings reports in a row + analysts back on the bandwagon due to new product cycle= explosive. Apple May not lag it's peers in valuation for long. They may even trade at a slight premium. Imagine that heresy.
    27 Aug 2014, 04:47 PM Reply Like
  • Market Manipulation
    , contributor
    Comments (29) | Send Message
     
    So, any guesses on what this wearable will be called? iWatch is already taken by some other outfit.
    27 Aug 2014, 09:05 PM Reply Like
  • Tales From The Future
    , contributor
    Comments (5583) | Send Message
     
    "120? 130? 150? I would say it will hit 150 within 18 months."

     

    A lot also depends on the general market. There has been a long NASDAQ rally since early 2009, it won't continue forever.
    Even the greatest companies will fall in a correction (see AAPL stock in late 2008 for an extreme example even as the iPhone was starting to take off).

     

    $120-130 is certainly possible in 2015 IF the market holds up and the new iPhones/iWatch sell well. There could also be a P/E expansion to around 20 (the P/E discount to large NASDAQ peers makes no sense once Apple successfully introduces a new product category, GOOGL is around 30 for example).

     

    But there could be a dip after the introduction. The hype for the iWatch has been high for months, every retail investor already knows about it. Sites like BI have laid out the introductions in detail: http://read.bi/1qLN0Z6
    28 Aug 2014, 04:00 AM Reply Like
  • RobertLeh
    , contributor
    Comments (110) | Send Message
     
    The iWatch introduction will be a historic moment, bringing ground-braking innovation and disruption into a centuries-old (!) market. Congratulations to all long APPL holders.
    27 Aug 2014, 06:27 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (2116) | Send Message
     
    Robert, "ground-braking" Wow, that would be big!
    27 Aug 2014, 07:11 PM Reply Like
  • TechEnthusiast
    , contributor
    Comments (797) | Send Message
     
    Humble, the iWatch will stop earthquakes. There will be an app to stop asteroids. It will be huge.
    27 Aug 2014, 07:20 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (2116) | Send Message
     
    Funny....Those are easy compared to ground-braking!!
    27 Aug 2014, 07:39 PM Reply Like
  • TechEnthusiast
    , contributor
    Comments (797) | Send Message
     
    That was the ground braking that came to mind. Did I forget to include stopping the rotation of the earth?
    27 Aug 2014, 11:40 PM Reply Like
  • Humble Eagles
    , contributor
    Comments (2116) | Send Message
     
    That was the one I had in mind!
    28 Aug 2014, 05:27 AM Reply Like
  • Andreas Hopf
    , contributor
    Comments (10014) | Send Message
     
    Where is Michael Blair?
    27 Aug 2014, 07:27 PM Reply Like
  • aardvark3
    , contributor
    Comments (534) | Send Message
     
    You mean Michael Bear?
    30 Aug 2014, 08:42 AM Reply Like
  • NY2LA 1
    , contributor
    Comments (551) | Send Message
     
    It's likely the iwatch will be a wrist communicator, payment verifier, identity verifier, medical health data collector. Wrist communicator meaning messaging and voice messaging, ie walkie talkies over cellular networks. How they figure 3MM units per month at 300-500 dollars per unit on top of a 950 dollar iPhone price is hard to justify in my opinion. I am an Apple supporter but fear that hedge funds are going to game the trading around the release. Big plunge fast to 91 then back up to 110. ?
    27 Aug 2014, 11:26 PM Reply Like
  • psychological-dividends
    , contributor
    Comments (811) | Send Message
     
    Charles Koch would be proud.
    28 Aug 2014, 12:59 AM Reply Like
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