Further fueling speculation that the Cupertino, CA company may already be hard at work on some kind of “smart” and wearable device, Piper Jaffray analyst, Gene Munster, believes that if such a device were to be released by the company sometime in the future, the product may become the firm’s flagship offering, eventually replacing that of the iPhone.
The new report arrives via Fortune and cites that Munster suggests that ‘wearable computers’ just make sense for Apple. The analyst added that he believes a smartwatch, (or other wearable device), could be another (so far, untapped) source of revenue for the company.
Munster also argues that since these Apple devices would perform closely enough to the iPhone, the need for the iPhone itself or tablet could become null and void. Timeframe for extinction: Over the next 10-plus years. “Longer term, screens in glasses or projectors could replace the necessity of a screen from a smartphone or tablet,” writes Munster, who argues they’re likely to be cheaper than an iPhone and could ultimately be Apple’s best answer to addressing emerging markets.
The pre-announcement from the firm has in recent hours sparked rumors that the firm may be set to announce a buy-out from Apple, however such rumors are yet to be officially confirmed.