Don't plan on spending your money on an Apple smartwatch this year, according to KGI Securities analyst Ming-Chi Kuo. He expects the rumored iWatch will surface later in 2014 and that it will include biometric-related features, too.
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It's a pretty safe bet that Apple is experimenting with wearable technology in its labs, and that most likely includes watch-type devices. Whether or not any of those products ever make it to market remains to be seen, and it's also a safe bet they won't make it out of testing if Apple doesn't think they'll be market changing devices.