The “iWatch” wasn’t announced by Apple during the WWDC on Monday.
The company announced iOS 8 and OS X Yosemite–named after the California national park–but the rumored iPhone 6 and iWatch weren’t mentioned at all.
According to Forbes magazine, the lack of mentioning either product–or any other new device–may have fueled a stock drop.
As of Monday evening, Apple stock had dropped 4.35 percent to $628.65 per share.
“There was a significant stock drop during Apple’s presentation, when shares fell $4.66 in just a few minutes, touching the day’s low of $623.21. That fall happened immediately after Apple executives wrapped up a section on the company’s new ‘HealthKit’ app, which aggregates activity and other health data from the phone’s sensors and other connected wearable devices,” Forbes writer Brian Solomon said.
But according to the Huffington Post, Apple indeed dropped a hint about the iWatch.
Apple unveiled its, which will join together data from different health monitoring devices.
“We think this is going to be really important for health care,” said Craig Federighi, the Apple senior vice president of software engineering, according to HuffPost.
JP Gownder, an analyst with Forrester, said the HealthKit is an indicator that Apple is working on a watch.
“Right now they are laying the groundwork, building the infrastructure that will set the stage for the later release of an iWatch,” he said.