Apple’s iWatch may be delayed until later in 2014, after a supplier reportedly making the timepiece’s display revealed it was staring down the barrel of an unexpected drop in profits.
Chinese firm TPK Holdings is said to be readying flexible screens for Apple’s iWatch, which had been widely pegged for an autumn release. However, in a conference call, it said that its financial results would take a hit in the current quarter. Interestingly, TPK thinks its profits will soar in the final three months of 2014, suggesting the iWatch may be outed then.
TPK’s tweaked financial forecast is believed to be due to Apple pushing back the start of mass production of the iWatch. The potential hit on TPK’s bottom line has seen shares slide since the news broke.
Analysts believe Apple has delayed iWatch production in order to ensure the device launches without any nasty kinks. While it could still launch in 2014, insiders believe that it may not ship in large enough quantities to satisfy what is sure to be rampant demand.
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