“It was a busy week of Apple news last week, but especially Apple Watch,” Teresa Rivas reports for Barron’s. “Apple filed its 10K with the Securities and Exchange Commission, with language suggesting that the Apple Watch saw $1.7 billion in sales in fiscal 2015.”
“However, Global Equities Research’s Trip Chowdhry is more bullish than that, and writes that Watch sales looks poised to balloon,” Rivas reports. “He [thinks] Apple sold 7.6 million Apple Watches in fiscal 2015, with an average selling price of $530, which translates into $4 billion in revenues. Keeping that same ASP of $530, he now estimates 43 million watches sold in fiscal 2016, or $23 billion in revenues, and 68 million sold in fiscal 2017, with $36 billion in revenues.”
“His research suggests that users are switching from [Android] phones… because they are not compatible with the Apple Watch,” Rivas reports, “and he estimates that some 10% of consumers who buy the latest generation iPhones also buy the Apple Watches concurrently.”
Read more in the full article here.
MacDailyNews Take: The millions who already wear Apple Watches get it. Those who don’t may regard such estimates as outlandish.