Your Apple iWatch Rumor Roundup

iwatchManufacturers of Apple (NASDAQ:AAPL) accessories have raised over $10m to construct an Apple watch utilizing the company’s iPod Nano. However, Apple has altered the form of its latest Nano, which creates the possibility they might be constructing their own watch.

What Features Would iWatch Have?

According to a report by Chinese news site TGBUS, resources in the supply chain claimed Apple is creating a device utilizing Intel (NASDAQ:INTC) chips and a brand new Bluetooth technology. For Apple fans, the rumor does not make sense, even though Apple has added Bluetooth 4.0 to its array of iDevices.

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One of the best features of Bluetooth 4.0 is the ability to use a low-power mode, which makes it an ideal contender for keeping a watch constantly in communication with a smartphone, tablet, or laptop — something an iWatch certainly would do. These features would could make our lives more convenient. Just visualize how amazing it would be to change tracks or to read text messages simply by using an iWatch to correspond with the iPhone in your handbag or pocket…

Rumor has it the watch will come with a 1.5″ touch-screen to control the iPhone and Siri, the voice assistant allowing users to control the watch by utilizing voice commands. The Chinese site also claims the device will be launched within the next six to seven months. Although numerous Chinese news sites similar to TGBUS have provided suggestions of Apple’s plans to create new devices, these sites have seldom offered foolproof information. A large number of manufacturers are known to develop various technologies with hopes the company will adopt their creations. So, following Apple rumors is a tough job.

Venturebeat has suggested Apple cannot manufacture a basic watch. Instead, the company needs to create a device that is much more than just a watch. Apple fans expect a revolution after the company has reinvented the phone and computer.

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An Unofficial iWatch?

A Kickstarter project, the Pebble watch, aimed to raise about $100,000 for expansion. However, the company raised more than $10m. This is an indication demand from consumers exists for a watch utilizing Apple’s interface. The Pebble watch is already on sale and has garnered scores of buyers. Users can customize it with gorgeous downloadable watch-faces and practical Internet-connected applications.

At the moment, the only strong competitive idea to something like an iWatch is Google’s (NASDAQ:GOOG) Glass: a headset of glasses with a screen able to project information from the Worldwide Web to augment what you can see in the analog world…

With rumors spreading about Apple’s plan to manufacture a watch, investors must note the company has never been interested in producing wearable technology despite the popularity of fitness gadgets such as Nike+Fuelband (NYSE:NKE), Fitbug, and Fitbit. As a result, many experts and fans are still skeptical.

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However, with Apple’s stock taking a hit and Wall Street begging for “the next big thing,” iWatch is worth tracking.

Here’s how Apple (NASDAQ:AAPL) shares have been trading recently:

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