In a new note by Ming-Chi Kuo, the analyst reverses and states that he actually doesn't believe that Apple's rumored iWatch will be releasing this year. Kuo claims that the release date of the device has been postponed until next year in 2015, due to the complex hardware and software involved in the iWatch.
Kuo's note via MacRumors:
To some of us, this comes as to no surprise, think about it. With the iPhone 6, we already have leaks of the device almost fully assembled, with the iWatch, not a single part has leaked. If the iWatch were to release in 2014, we would have probably seen at least part of the device on the web. However, we can always keep our fingers crossed that Apple will preview a prototype of the iWatch at the iPhone or iPad events this Fall."
We reiterate our view that iWatch, as compared to existing products, and as Apple’s (US) first attempt at a wearable device, represents a much higher level of difficulty for the company as regards component and system design, manufacturing and integration between hardware and software.
While we are positive on iWatch and believe that the advantages of the design and business model behind it are difficult to copy, we think, given the aforementioned challenges, that the launch could be postponed to 2015."