“Market expectations for Apple’s anticipated ‘iWatch’ may be grossly overestimated, as well-connected analyst Ming-Chi Kuo said on Thursday that he expects that only 3 million wrist-worn smart devices from Apple will make it to store shelves by the end of this year,” Neil Hughes reports for AppleInsider.
“In a note to investors, a copy of which was obtained by AppleInsider, Kuo of KGI Securities said he believes the market is expecting that Apple will ship between 5 million and 10 million ‘iWatch’ units before the end of 2014,” Hughes reports. “But he now expects that issues will push production of the device will be pushed back from September to the second half of November, resulting in fewer units available.”
“This anticipated shorter period of production has prompted Kuo to decrease his projected build plans from 5 million units this year to just 3 million units,” Hughes reports. “In addition, Kuo also anticipates that Apple may face sapphire cover lens production bottlenecks. As a result, he predicts that at least half of finished ‘iWatch’ products will ship with glass covers instead of sapphire.”
Read more in the full article here.
[Thanks to MacDailyNews Reader “Lynn Weiler” for the heads up.]