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Estimates vary on the potential size of the wearables market, with some analysts predicting it to soar and others forecasting its demise. Market research firm IDC projects that from the end of this year to 2018, wearable shipments will increase nearly sixfold to 111.9 million units. Forrester Research, however, predicts that by 2016 the functionality of smartwatches and fitness bands will be absorbed by other devices such as smartphones and sensor-laden headphones. As for Apple, Morgan Stanley analyst Katy Huberty estimates the company could ship at least 30 million Apple Watches in the first 12 months the device is on sale, generating about $9 billion in revenue. It's possible Apple could ship double that amount, she added. By comparison, Apple sold 35.2 million iPhones in the quarter ended this June, helping it generate a total $37.4 billion in fiscal third-quarter revenue.
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