Stefan Mileschin

Disappointed that Apple has not released anything innovative for a while, Piper Jaffray analyst Gene Munster has started hyping up sales of Apple's vapourware.

According to USAToday, Munster has started making bold claims for Apple's iWatch, the rumoured vapourware from the fruity toymaker that no one's ever seen.

He claims that Apple will sell ten million of them, even though efforts to create wearable computers by rivals have already shown that the market is limited.

Munster said that all this will add more than $2.5 billion to the company's top line and over $750 million in profit

To be fair to Munster, he did not think that this level of cash would be that significant to Apple, but he said that the release of an iWatch will show Wall Street the company is still innovating by copying everything that its rivals have already done.

Munster's views were based on a survey where 799 US consumers were asked whether they would buy an Apple iWatch that connected to an iPhone for $350.

Only 12 percent of those with an iPhone said they would, presumably going on to form an orderly queue outside the nearest Apple store.

The rest said that such a gizmo was perfectly pointless and they would rather sell their children for medical experiments rather than waste cash buying such a pointless piece of tat – we are paraphrasing a bit here.

http://news.techeye.net/business/ana...ple-vapourware