LOS ANGELES — Apple’s next big venture could be wearable technology, starting with a “smart watch."
In a note released Wednesday, Gene Munster of Piper Jaffray said he expects Apple to jump into the wearable tech market sometime in 2014 or beyond.
“We believe that wearable computers will ultimately be a major future trend," the note said. “Longer term (over the next 10-plus years), wearable computers could eventually replace the iPhone and smartphones in general."
Munster’s predictions come after rumors last week that the Cupertino, Calif., tech giant is working with Intel on a Bluetooth watch that would work with the iPhone.
Besides wearable tech, Munster also had other Apple predictions.
He said he expects Apple to start selling a TV in time for the next holiday shopping season, priced between $1,500 and $2,000. The model would have a screen measuring between 42 and 55 inches and include Apple’s Siri and FaceTime features and a TV app store.