Apple Watch

The rumor mill has been churning out questionable "iWatch" speculations and forecasts for some time now. That the product exists and will launch within a year seems a certainty at this point. If it does launch later this year, UBS analyst Steve Milunovich believes that it could match the iPad's success, selling 21 million units in 2015 and up to 36 million during the following year.

In a note to investors obtained by AppleInsider, Milunovich writes that, with a projected retail price of $300, the iWatch could see margins of around 25% at launch time, increasing to the low 30s over several quarters. He estimates sales

Now that the WWDC and iOS 8 are out of the way it is time for our first 2014 rumor roundup starting with an alleged leak of the iPhone 6 shell. The purported images of the rear casing for Apple's next-generation handset were originally published on Nowhereelse.fr. The photos reveal cutouts for new pill shaped volume buttons and the rumored relocated power button.

Analysts are predicting that Apple will announce a 5.5-inch iPhone alongside the standard 4.7-inch model in late September. If true, it is expected that the power button will be moved to the side of the device to make it easier to access due to its larger form factor.

Instead of pumping out the normal misinformed next-generation iPhone rumors at a rapid pace, the Apple rumor mill has instead been focused on the iWatch and Apple's rumored suite of upcoming health apps. On Monday, Reuters threw gasoline of the fire by reporting that Apple is "building a team of senior medical technology executives" to work on a health and fitness platform modeled after the App Store.

Rueters claims Apple is under pressure to deliver on CEO Tim Cook's promise that the company will deliver a new product category sometime this year. Apple hasn't released a new device since it introduced the iPad in 2010, and according to industry reports tablet sales are on the decline and are only going to get worse.