“In a newly released forecast, Gene Munster of Piper Jaffray predicts sales of the much-hyped new product [Apple Watch] will hit one million on opening weekend, but his view for all of 2015 is well below the Wall Street consensus,” Kristen Scholer reports for The Wall Street Journal.
“Wall Street is calling for 14 million watch sales from Apple in 2015,” Scholer reports. “But Mr. Munster has a more conservative view, anticipating sales of eight million units.”
“Mr. Munster predicts Apple will sell 300,000 units in the first 24 hours of pre-orders and a million watches by the end of the first weekend,” Scholer reports. “It is unknown whether Apple will reveal initial sales for the Watch when it reports earnings the Monday after opening weekend… But Apple could give some indication as to how the product was received in its earnings release or on its quarterly conference call with analysts.”
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