“Apple Inc is likely to quickly ramp production of the Apple Watch after strong pre-orders outstripped limited supply in the first weekend following its launch, some Wall Street analysts said,” Tenzin Pema and Devika Krishna Kumar report for Reuters. “Apple is widely expected to disclose weekend pre-order numbers at around 8:30 a.m. ET on Monday.”
“‘Based on our observations and media reports, launch day supply was largely sold out within the first 10 to 30 minutes depending on model,’ Piper Jaffray analyst Gene Munster said in a client note,” Pema and Kumar report. “Munster, who expects Apple to sell 2.3 million watches in the April-June quarter, expects Apple to ramp production between mid-May and June.”
“‘We think the Apple Watch will be highly disruptive to the traditional fashion watch market,’ Pacific Crest analysts said,” Pema and Kumar report. “The analysts said their checks showed that Apple appeared to be ordering components for the watch that would allow it to build well over 20 million watches this year… The brokerage expects Apple to likely have about 5 million Apple Watches available for delivery by April 24.”
Read more in the full article here.
MacDailyNews Take: Good idea!