Report: Taiwan Receives Apple iWatch Orders

Two top Taiwanese electronics companies have received orders from Apple to make the highly anticipated “iWatch,” analysts and reports said.

“iWatch” order allocation

“Apple is likely to introduce ‘iWatch’ in 2014. From our channel checks, Inventec is the major assembly source for ‘iWatch’, with about 60 percent of order allocation,” CIMB Securities analyst Wanli Wang said in a report.

CIMB plans 63.4 million units of “iWatch” deliveries in the year after its release with an average price of $199, while the “iWatch” project is estimated to provide 19% of Inventec’s profit in 2014, Wang said.

Taiwan’s Apple Daily publication said Quanta Computer was splitting the “iWatch” orders with Inventec by taking 40% order allocation, citing unnamed sources.

Wearable computing market

Latest wearable devices like Google’s Glass eyewear are widely seen as the next innovation in consumer electronics, following the huge popularity and impact of smartphones.

Competition in the “smartwatch” market is heating up, with Google, Microsoft, and Samsung Electronics racing to makeits own wearable computing devices.

California-based Apple last month filed a patent application for an “iWatch” in Japan.

Apple CEO Tim Cook earlier this year expects that there will be “tons of companies playing” in the wearable computing market.