63% of Investors Don't Want an Apple iWatch

Loading...
Loading...
Are investors excited by
Apple'sAAPL
rumored
iWatch concept
?
Yahoo FinanceYHOO
searched for an answer when it published its latest poll, which asked investors the following question:
Apple is reportedly developing a new wristwatch. How interested would you be in buying an iWatch?
  • Very interested (18,325) -- 18 percent
  • Somewhat interested (19,529) -- 19 percent
  • I already have a watch (65,179) -- 63 percent
The poll will continue for the next few hours, but the current results are clear: investors are not overly about the prospects of a wearable computer. Apple's share price paints another picture, however. The company has gained more than seven percent over the last five days, but that could have more to do with
David Einhorn's endorsement
than the rumored products. It is not clear where the iWatch rumor came from or how it originated. In a world where smartphones are getting
bigger and bigger
, it could be difficult for Apple to go in the opposite direction and release a phone that is small enough to wear. That strategy is not as crazy it sounds, however. While Apple may face enormous competition, the company is known for taking alternate routes. By building a phone that is completely different from its competitors' items (and the existing iPhones), Apple would be acting in the spirit of its famed co-founder, Steve Jobs. Nearly six years ago, Apple took a risk and produced the first iPhone. Without it, cellular devices might be stuck in the Stone Age -- or, at the very least, an era in which
Loading...
Loading...
flip phones are still popular
. Apple changed the industry once and it might be hoping to do it again. There will be some obstacles, no doubt.
GoogleGOOG
is determined to transform its glasses concept into the next big thing. If successful, it could drastically change the smartphone landscape -- and make an iWatch much less appealing. That said, Apple's iWatch concept may
not
be limited to the compact, wearable smartphone that analysts currently envision. It could involve motion control, connectivity with Macs and other iDevices, and contain features that are on par or better than what Google is developing. This is all speculative. In its current form (as rumored in the press), the iWatch might end up looking like an iPod Nano on steroids. That could be a very cool device. Whether or not it would have the power to transform the market remains to be seen.
Follow me @LouisBedigianBZ
Loading...
Loading...
Market News and Data brought to you by Benzinga APIs
Posted In: Long IdeasNewsShort IdeasTechTrading IdeasAppleGoogle GlassesiPod NanoiWatch
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

Loading...