Speculation about Apple's next product initiative may, according to some recent reports, not be a product at all, but a service. Let me explain.
Yes, it is quite possible an iWatch or some wearable gadget will be introduced later this year. The tea leaves — if not any provable facts — seem to point in that direction. That's because Tim Cook admits Apple is interested in wearables. It's also been reported that Apple has trademarked the iWatch name, and has some 200 people working on such a project.
Of course working on a new gadget doesn't guarantee its success, let alone its release. Apple no doubt has lots of products under development that will never actually be produced, or won't appear until some years have passed.
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