Market expectations for Apple's anticipated "iWatch" may be grossly overestimated, as well-connected analyst Ming-Chi Kuo said on Thursday that he expects that only 3 million wrist-worn smart devices from Apple will make it to store shelves by the end of this year.
In a note to investors, a copy of which was obtained by AppleInsider, Kuo of KGI Securities said he believes the market is expecting that Apple will ship between 5 million and 10 million "iWatch" units before the end of 2014. But he now expects that issues will push production of the device will be pushed back from September to the second half of November, resulting in fewer units available.