“The Apple Watch is expected to be a significant part of Apple’s growth story in calendar year 2015, according to research firm Evercore, which advised investors to buy in to AAPL stock ahead of the wearable device’s imminent launch,” Neil Hughes reports for AppleInsider.
“Evercore analyst Rob Cihra said in a note to investors on Monday, a copy of which was provided to AppleInsider, that he believes the Apple Watch will launch around March, and will achieve an average selling price of $500,” Hughes reports. “At that price, and with some nine months to sell in calendar 2015, he expects the Apple Watch will be a “meaningful” addition to the company’s bottom line.”
Hughes reports, “Specifically, he predicts that the Apple Watch will add 4 percent to its calendar 2015 revenue, and will account for 36 percent of its growth over 2014.”
Read more in the full article here.
[Thanks to MacDailyNews Readers “Fred Mertz” and “Dan K.” for the heads up.]