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Apple iWatch Draws Heavy Interest

Tickers in this article: AAPL

NEW YORK (TheStreet) -- Apple (AAPL) may not have announced its iWatch yet, but that doesn't mean there isn't demand for it.

TheStreet polled its readers, and an overwhelming majority of them would buy an Apple-branded watch, if such a product exists.

Of the 1,455 people who voted, 75% of them said they would buy an iWatch, if Apple released such a product. Just 13% of respondents said "No," with another 13% saying they weren't sure.

Rumors circulated last week that the company was developing its own smart watch, with several publications publishing various stories about Apple's potential move into the nascent industry. Bloomberg had some surprisingly strong detail, saying Apple had about 100 employees working on the device, and named James Foster, senior director of engineering, and Achim Pantfoerder as part of the team.

A smart watch by Apple could be big business for the company, which has recently dealt with concerns over innovation. Morgan Stanley analyst Katy Huberty believes the watch could be worth as much as $10 billion to $15 billion in annual revenue for Apple, assuming a $200 price point.

Shares of Apple were lower in Tuesday trading, off 0.65% to $457.17.

--Written by Chris Ciaccia in New York

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