SAN FRANCISCO: Apple Inc is preparing to sell its first wearable device in October, aiming to produce 3 million to 5 million smartwatches a month, the Nikkei has reported, citing an unidentified parts supplier and sources familiar with the matter.
Specifications are still being finalised, but the devices are likely to sport curved OLED (organic light-emitting diode) displays and sensors that collect health data from blood glucose and calorie consumption to sleep activity, the Japanese news service quoted industry sources as saying.
The industry has long expected Apple to introduce some sort of smartwatch, following the release of Samsung Electronics' Galaxy Gear watches.
Wall Street is hoping to see a new Apple product this year to galvanise the former stock market darling's share price and end a years-long drought of ground-breaking devices. CEO Tim Cook has promised "new product categories" in 2014.