“Trip Chowdhry of Global Equities Research today weighs in on Apple’s forthcoming wearable, Apple Watch, with another missive culling his observations of the developer perspective on the device,” Tiernan Ray reports for Barron’s.
“Chowdhry writes that he and staff have attended six ‘Apple Watch-Kit hackathons’ over ‘the past few months,’ and writes that the company may have 100,000 applications ready for the device when it comes out in April,” Ray reports. “Chowdhry makes the rather eye-opening claim that ‘The $350 price of Apple Watch appears to be a non-issue’ because ‘On an average an Apple Watch user will have 100 Apps installed, and one way to think about it is that the consumer is getting 100 devices for $350… i.e. $3.50 per device.‘”
Ray reports, “Chowdhry makes one of the largest pitches for the sales of the device thus far, predicting Apple may sell as many as 42 million by December, arguing that “Since Apple Watch extends iPhone functionality and provides user convenience with ‘Glance’ and ‘Notifications’ to an iPhone User, almost every current iPhone user, which are about 350 million users, will also be an Apple Watch user.'”
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