“UBS’s Steve Milunovich today reiterates a Buy rating on Apple (AAPL) stock, and a $125 price target, writing that the company’s about to ‘redefine another category,’ with its Apple Watch, and consumer data his firm gathered showed Apple having stronger prospects than Samsung Electronics in a big prospective market, China,” Tiernan Ray reports for Barron’s.
“Milunovich notes the market is small: industry research firm Smartwatch Group says the category sold just 3 million units last year, for a total haul of $700 million,” Ray reports. “Samsung Electeonics led the group with 34% market share for devices such as the ‘Galaxy Gear,’ of which it may have sold 800,000 units.”
“Most buyers, he notes, had a watch, about 70% of those responding,” Ray reports. “On average, they planned to buy one watch at some point in the next two years. He observes that Chinese consumers seemed to be the most eager respondents in terms of buying intention.”
Read more in the full article here.
MacDailyNews Take: The other day, we actually saw some guy with a Galaxy Gear on his wrist. We’ve seen plenty of rocks that looked smarter than both.
Last week I saw my first Surface Pro 3 in the wild. A vendor from North America showed up and was planning to use it on a software implementation. Wow! I said. They replied it was a fantastic machine and it did everything they needed it to do for software implementation. I guess they misinterpreted my “Wow” comment! I know iPads can run Windows apps, but they were carrying Dell laptops — so I thought “rocks” [thanks MDN!]. Not sure how the Surface will perform this week on the implementation. It depends if FedEx delivered the USB to ethernet adapter as they want to connect to their corporate mothership via an outside DSL. “Fantastic” as in what a waste of money and time. Nothing shouts “Pro” to professionals as seeing it written on the shell of a Surface Pro 3…
Just the Chinese consumers? Heck I’d have thought that most consumers are going to be more excited for the watch than the competitors.
Yep Chinese and every other nation with more than half a brain.
Is half a brain like half a hole in the ground?