iwatchThe Apple iWatch, a device of unknown quantity that has long been rumored but not confirmed, is something like the modern day equivalent of a technological unicorn. Investment firm UBS strongly believes that Cupertino could actually end up selling a whopping 21 million units of the iWatch alone (conceptual image as seen above) in the first year, never mind the fact that the iWatch will arrive with a suspected $300 price tag.

Apart from that, UBS is also pretty optimistic with the subsequent years of the iWatch’s existence, where it is tipped to follow the iPad’s early sales history, hitting a whopping 36 million units in the fiscal year of 2016.

Analyst Steven Milunovich shared his views on the possible impact that the alleged iWatch is capable of delivering, “We are more confident that Apple will be introducing the iWatch before the holiday season following WWDC’s introduction of HealthKit, recent healthcare hirings, the acquisition of LuxVue Technology, and positive comments from Eddy Cue at the Re/Code Conference.”

So far, its trademark filings have already been spotted in both Mexico and Taiwan since last year, and with circuit board samples reportedly sent to Apple, the reclusive iWatch could be launched in due time without having to fall back on a parody.

Filed in Apple >Rumors. Read more about .