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Apple is likely to succumb on the market if it wouldn’t come up with iWatch in the next 60 days, predict Analysts.

There have been rumors about Apple iWatch for past few months, but there’s no concrete information. Meanwhile, an analyst has made an extreme prediction and suggested Apple to “come up with something” within 60 days otherwise it will become “an irrelevant company.”

This is a fatal assumption pinched by Trip Chowdhry, managing director at Global Equities Research. Analyst believes Apple isn’t picking up the pace and strategy in Wearable technology, accordingly.

“They only have 60 days left to either come up with something or they will disappear,” said Trip Chowdhry. “It will take years for Apple’s $130 billion in cash to vanish, but it will become an irrelevant company … it will become a zombie, if they don’t come up with an iWatch.”

The segment of smartwatches has unprecedented opportunities right now and has been growing very fast. Lately, Samsung has unveiled the second-gen of Galaxy Gear watches at the annual Mobile World Congress in Barcelona, and a couple of days ago Google has announced Android Wear, a tweaked version Android for wearable devices.

The intervention of Google in this segment will lead potential manufacturers quickly while Motorola and LG have already showed their timepieces based on Android Wear, likely to come sometime in summer and second quarter, respectively. Therefore, the Cupertino must accelerate the roadmap for iWatch; otherwise they will be ousted by rivals from the competition.

[one_half]Other analysts also have the same opinion as Robert Cihra of Evercore Partners believe too that the results aren’t as good as anticipated.[/one_half]

[one_half_last]Time is running out for Apple iWatch Release.[/one_half_last]

However, it’s very rare when Apple chases competitors. It has a history of its own roadmaps; no matters how aggressive is the competition. In addition, rumors suggest that Apple’s iWatch is likely to be characterized by features that aren’t available on today’s market and has a competitive advantage against the rivals. The smartwatch is expected to have an array of biometric sensors, designed for health and fitness.

If Apple is prepping something like iWatch, it will conquer its market share even being so late compared to the rivals. Now we just have to wait for the next move from the Cupertino. Apple iWatch is expected to arrive in the second-half of this year, but certainly beyond those 60 days warning by Chowdhry.

Source: CNBC

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