Apple unveils its highly anticipated Apple Watch

Apple Inc unveiled its much trumpeted “Apple Watch” yesterday. It hailed the wearable device the next chapter in its history.

The first new product to be developed and introduced under Chief Executive Officer Tim Cook’s reign is a wearable device tethered to the iPhone that will combine health and fitness tracking with communications.

Bernstein Research analyst Toni Sacconaghi estimated on Tuesday that if Apple were to sell 30 million watches at $250 each, it would add about $7.5 billion to its revenue.

Rival electronics giants such as Sony Corp, Samsung, LG Electronics Inc and Qualcomm Inc have already launched smartwatches, with varying degrees of success.