Industry sources: Apple iWatch production has been paused
A recent report, citing industry sources, suggests that Apple has asked suppliers to freeze the production of its highly anticipated and much rumoured smartwatch, dubbed the iWatch, due to reasons unknown.
The news comes hours before Apple’s iPhone 6 launch event happening later today in California, an event that has focussed the world’s media attention. According to anonymous sources from the local supply chain, the Cupertino company has supposedly called off previous plans for suppliers to start shipments of components for the smartwatch to assemblers later in the third quarter, and will not be resuming production until the fourth quarter of 2014 or the first quarter of 2015.
If the headlining Focus Taiwan information is true, we may not see the iWatch on the market until next year, despite the possibility of the wearable still being unveiled at the press conference today alongside two versions of the new iPhone 6. A separate report cites analyst from Citigroup claiming that Apple has not started mass iWatch production at all, and that the wearable is not expected until after the holiday season.
“High volumes won’t be in production, majorly, until after the holiday season,” Citi analyst Jim Suva said in a video report Monday to clients. Both reports concurs with a similar story by news site Re/code, which states that Apple will be charging around $400 for its smartwatch and begin shipment next year.
There’s not long to wait now for an update from Apple itself, and we will have our eyes on the launch event for more information about pricing and availability of the iWatch. Eager fans have already began setting up camp outside the Apple store in New York in anticipation to become one of the first to get their hands on the new products.