Analyst says to not expect the iWatch until late 2014

If you were expecting Apple to unveil a watch-like device, something along the lines of an iWatch, then you might have to wait until late 2014 according to a KGI Securities analyst, Ming-Chi Kuo. Kuo says that Apple "may not have adequate resources" to develop a version of iOS for the wearable device, which might be the reason behind iOS 7.

Kuo thinks that Apple will cram a 1.5- to 2-inch screen, as well as biometric security thanks to their acquisition of AuthenTec for $356 million. This delay until late 2014 could really hurt Apple's chances of their wearable device being successful, especially if other companies beat them to the punch.