DigiTimes reports that Apple headquarters in Cupertino, California has ordered enough system chips to make 30 million to 40 million Apple Watches.

Apple's custom-designed system-in-package (SiP) chip contains an entire computer architecture, which makes the multitude of features on the watch possible.

The highly anticipated Apple Watch promises to be much more than an accurate timepiece. It is a device equipped to be a phone, and handle messages and e-mail. I, addition, it will allow users to:

  • Integrate Apple Watch with the iPhone
  • Pay for purchases with Apple Pay
  • Use Passbook to keep track of boarding passes, loyalty cards, and tickets, and securely use credit and debit cards.
  • Stay on schedule
  • Communicate in various ways (e.g., Sketch, Walkie-Talkie)
  • Find their way in the world with directions
  • Monitor health
  • Monitor fitness

Predicted Apple Watch Profits

Fortune reports that the day after Tim Cook unveiled the Apple Watch, analysts predicted 2015 sales estimates ranging from 10 million to 60 million, with an average of 22.6 million.

Is a Valentine's Day Launch in the Works?

Rumors are circulating that Apple intends to release the Apple Watch on Valentine's Day. A recent report from The Information, a technology news magazine, hints at the holiday release.

Valentine's Day is in February, which would give Apple ample time for the watch's launch. Apple has released products around that holiday previously, such as iOS device storage capacities and pink-colored product models.

Apple has already missed its previous 2014 target for the watch.

Cook and Apple Senior VP of Operations Jeff Williams explained why the company missed the launch date in a September interview with Bloomberg Businessweek.

"We could have done the watch much earlier, honestly, but not at the fit and finish and quality and integration of these products," Williams said. "And so we are willing to wait."

The Apple Watch is scheduled for release in early 2015 with a retail price of $349.