“Cupertino is on track to sell 21 million watches and rake in about $8.4 billion in revenue in the first 12 months of the Apple Watch, according to one of the hottest Apple analysts around,” David Pierini reports for Cult of Mac. “Not bad for a company that entered the wearables game late.”
“The projections come from Asymco analyst Horace Dediu, who presented his findings at the Glance conference in San Francisco,” Pierini reports. “If Dediu is correct about Apple moving 20 million units in its first year (and he usually is), this would further cement Apple as the king of the fast-growing smartwatch segment.”
“Only 6.8 million smartwatches were sold in 2014 by 89 companies, according to a report by Smartwatch Group,” Pierini reports. “Apple CEO Tim Cook has been coy about Apple Watch sales figures, saying only that they exceed company expectations.”
Read more in the full article here.
MacDailyNews Take: Revenue of US$8.4 billion in year one. Not too shabby.
To put Apple Watch’s performance in perspective: For the first nine months of 2015, LVMH’s “Watches & Jewelry” segment generated US$2.623 billion in total revenue.
[Thanks to MacDailyNews Reader “Arline M.” for the heads up.]