“It’s that time of the year where companies are banking on frenzied shoppers to open their wallets and (hopefully) send a little monetary love their way,” Chris Neiger reports for The Motley Fool. “And this holiday season, a few analysts think shoppers will do just that for the Apple Watch.”
“Drexel Hamilton analyst Brian White said in a research note that, ‘We believe this holiday could be the inflection point for the Apple Watch, driving an acceleration in the adoption rates in 2016 and beyond,'” Neiger reports. “White bases his views for Apple Watch demand on the IBM Watson Trend app, which predicts holiday shopping trends and gives them scores raging from 0 to 100. The Apple Watch scored a 100, which White takes as a sign demand for the device will spike this holiday season, and he’s not the only one. An FBR & Co. analyst, Daniel Ives, predicts that Apple could sell 6 million Watches in the December quarter, bringing total sales for the year to 12 million.”
“Of course, if these predictions pan out, it would be great for Apple. But investors should also remember that even if Apple doesn’t meet these expectations, the Apple Watch is already poised for long-term growth,” Neiger reports. “According to Canalys, Apple has already shipped nearly 7 million watches since its launch, which would put the company ahead of wearable sales from all of its competitors combined, over the past five quarters. ”
Read more in the full article here.
MacDailyNews Take: Apple’s most successful product debut ever and Christmas will prove to be a potent mix!
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