“Highly regarded analyst Ming-Chi Kuo from KGI Securities has today sent out a note to investors which details how sales of the new Apple Watch are going,” David Phelan reports for Forbes. “According to MacRumors, the latest version of the Apple Watch is doing particularly well in its LTE-capable version, called Series 3 With GPS + Cellular. KGI admits that the sales are different from its expectations before the announcement, saying, ‘we forecasted production weighting of the GPS + Cellular version would be 30-40%.'”
“Now, drawing intelligence from the wait times announced on the pre-order website, it notes that if you want the better-connected version, you’ll have to wait longer, 3-4 weeks. As a result, KGI has adjusted its forecast accordingly: ‘We estimate the pre-order weighting of the GPS + Cellular is 80-90%,'” Phelan reports. “Well, that’s quite a difference.”
Phelan writes, “Apple seems to have priced its best Watch very keenly, to encourage customers to pop for the top of the range – well, not necessarily Ceramic or Hermès which cost $1299 and up or $1149 and up respectively, but at least into the mid-range of the prices.”
Read more in the full article here.
MacDailyNews Take: Spending an extra $70 to get the cellular model is a no-brainer (depending on your carrier and if you can stomach their Apple Watch data rates).
SEE ALSO:
Why the carriers must drop the Apple Watch LTE connectivity tax – September 15, 2017
Hands-on with Apple’s new Apple Watch Series 3 with LTE – September 15, 2017
Now Apple needs to sell more iPhone X and iPhone 8 & 8 plus, then AAPL will hit $200. No brainers😃👍🇺🇸
Pay no heed to the articles claiming iPhone 8 sales are poor because everyone would rather have the iPhone X. These stories are too contradictory from earlier articles saying that hardly anyone will be buying the iPhone X because it’s too expensive. These people keep flip-flopping every other day of the week. Basically, they don’t know squat about any iPhone sales.
just read this from the Apple hating Enderle today (I copy and paste) in TechNewsWorld: ” the lack of success for the Apple Watch “.
the other day on another post I was joking that Enderle probably STILL thinks that MS DOS is better than the Mac’s GUI…
Hater idiots will be hater idiots…
(I guess him and Dvorak believe that if they LIVE LONG ENOUGH eventually Apple will fail and they will be proven right, it’s over 30 years now… )
(I point this out as big investors and mutual funds etc read these idiots and sometimes even pay them as consultants and they’ve been spewing the same nonsense for years — that’s one reason aapl’s P.E is so low compared to Google , Msft. )
Dvorak still gets invites to Apple iPhone Keynotes. He was shown onscreen several times during the last keynote. And yes, he still wears a Hawaiian shirt.
That’s the one I ordered. Space Black with a couple straps and a set of AirPods.
My long-held dream of exercising with a small data connected iPod on my wrist feeding music to wireless earbuds has finally come to fruition.
The series 1 at $250 is also mighty attractive to former Fitbit or first time smartwatch users.
I’m certain Wall Street is going to find some way to turn this into bad news. It’s will be something like poor judgment on Tim Cook’s part or poor Apple planning in general despite the fact that analyst estimates were completely wrong about AppleWatch sales.
I just figure consumers aren’t quite as easy to figure out as some analysts think they are. The best way to know how sales are going is when consumers start buying. Looking three months down the road will only yield blurry predictions.
I’d honestly like to know if analysts are just stupid when it comes to Apple or are they deliberately trying to sabotage the company. Analysts are always so optimistic about FANG stocks but when it comes to Apple they’re either negative or skeptical about how well Apple will do. I’m glad I don’t pay those knuckleheads any mind when it comes to Apple. Think long-term Apple despite any negative chatter.
I think it’s a damn shame the joke that is known as the “Carrier”. for Verizon, AT&T, Sprint, T-Mo to charge $10.00 a month to add a watch is obscene. For what?? So that it can be connected to their network…. $2.00 a month at most.. The US is a laughing stock. 4 large companies that in no way compare at any level to those abroad yet, we pay more than anyone else but crap. Verizon and it’s $30.00 connection fee….. Sad.
Yup. That’s what will stop me from ordering the lte version
It’s only $5 here in Canada. That is a little more than $4 US. Worth it.
I don’t plan to connect the LTE with my carrier right away. I got the cellular model now because it has more storage, gives me a later option for cellular, and wasn’t that much more cost. Carriers should get something, even though it shares the same phone number, their system still needs to ID and keep track of the Watch as a unique device on the network. But I am 100% in agreement that $120 per year appears overpriced. I’d like to hear what justification the Carriers have for figure.
Yep bought the stainless steel cellular as my first Apple Watch. Then i splurged for a dozen bands for every occasion on Amazon.
If you buy a Apple Watch Series 3 (GPS + Cellular) do you still have to have an iPhone or not?
In order to be a card carrying Apple fanboy, you need to buy at least one gadget from each family of products. Especially products with a name starting with “i”, since none of them can completely replace all the things you can do on a Mac or PC.
Yes, for all but the most trivial tasks, you need an iPhone with the Watch.
“all the things you can do in a Mac or PC”. You can wear a Mac or PC on your wrist?