“In its first year of sales, the Apple Watch could generate almost three times as much revenue as watchmaker Fossil Group did in the last 12 months, RBC Capital Markets predicted Monday,” Patrick Seitz reports for Investor’s Business Daily.
“RBC analyst Amit Daryanani forecasts that Apple (NASDAQ:AAPL) will sell 20 million Apple Watch smartwatches and generate $10.4 billion in revenue in its first 12 months,” Seitz reports. “By comparison, Fossil has generated sales of $3.5 billion during the past four quarters.”
“For fiscal 2015 ending Sept. 27, the Apple Watch could add about $6.5 billion in revenue and 24 cents in EPS, he said. He now expects Apple to earn $7.90 a share on sales of $211.2 billion for fiscal 2015,” Seitz reports. “Daryanani said his estimates are conservative because the Apple Watch is only supported by the iPhone 5 and 6 series phones. ‘Our 20 million (Apple Watch sales) assumption factors in about 10% penetration rate to existing iPhone sales in fiscal year 2015 and is in line to the number of iPads Apple sold during year one of the iPad launch,’ he said.”
MacDailyNews Note: Apple’s “spaceship” Campus 2, currently under construction, will weigh in at roughly 2.8 million sq. ft.
Read more in the full article here.
Enjoy it while it lasts, Fossil – Apple Watch looms – November 13, 2014
Barclays: Apple Watch could crush companies like Fossil – September 16, 2014