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I haven’t been able to find much information on pricing, but if I had to guess, I would take the closest comparable product and double the price. So, my guess is $300-400 but that is just a number I pulled out of…..thin air.
There is more reliable information available about production and release dates. There seems to be a general consensus that it will be released this fall. Reuters is reporting that production will begin in July at Quanta Computer Inc. in Taiwan. The same article suggests that the iWatch will go on sale in October.