Apple Wristwatch Device Could Be More Profitable Than TV

In an assessment that might surprise some, Bloomberg writes that the still-in-development Apple wristwatch-style device may prove to be more profitable than the company’s rumored television set. The global watch industry is expected to generate more than $60 billion in sales this year. While that’s smaller than the revenue generated in the TV industry, gross margins on watches are about 60 percent, according to analysis. Continue reading Apple Wristwatch Device Could Be More Profitable Than TV