Can iWatches hit 8-digits in their first year?

As crazy as it may sound, some analysts are predicting that the mythical iWatch could sell as many as 10 million units in their first year.

Investment firm Piper Jaffray surveyed 799 U.S. consumers about Apple’s rumored wrist-worn device and concluded that an “iWatch” could have a penetration rate of between 2 and 4 percent among iPhone owners. With an estimated user base of 293 million iPhone owners, that would translate to between 5 million and 10 million sales in the first year, analyst Gene Munster said.

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