Yahoo Finance (NASDAQ: YHOO) 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.
However, Apple's share price paints another picture. 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. 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 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. Google (NASDAQ: GOOG) 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.
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