“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.]
So now we get to guess which orifice this prediction came from until the actual Watch hits the streets. (o_O)
This orifice to account for 100% of analysts projected output this year.
Nobody’s buying it today. down $2.66 so far today.
I respectfully submit “Nobody’s buying” is wrong.
Every seller has a buyer!
Nearly all stocks are down.
An average selling price of $500 for a watch is a lot.
6 billion dollars worth of watches would make Apple one of the biggest watchmaker in the world. Swatch Group does about 8.8 billion in USD per year. Rolex does 7 billion.
Considering how many iPhones are out there, this actually might be doable. If so, Apple will destroy the above $300 watch market.
I doubt anyone with a Rolex wants an electronic watch that delivers ads and will be obsolete in 1-2 years after purchase.
With Jony Ive’s fanatical obsession with sealed devices you will probably be unable to buy and install a new battery on your own. Apple, however, will be happy to replace the battery on your $300 + watch for $150 or so.
Well the watch is officially vapor-ware. What’s next? Are they going to tell us we don’t want a Watch, we want Watch NT?
Vaporware ads, I like it!
And analysts also say that only 5% of iPhone users will get an apple watch. Makes sense, eh?!
I plan on being in the 95 percent. Ain’t wore a watch since the first iPhone. Do not miss a strap on my wrist.
I’m gonna do something completely crazy — I’m going to keep an open mind about it, and check it out when its actually available to buy! Until then I’m going to reserve judgement on the Internet! I know, CRAZY!