Apple Watch Is Not Selling Well

Posted: Jul 2 2015, 6:55am CDT | by , in News | Apple

 
Apple Watch is not selling well

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According to Market Watch, Apple Watch demand is slowing quickly

On one hand, iPhone sales are boosting Apple’s revenue, and on the other side Apple’s Watch is losing popularity, gradually. This is definitely not good news for its manufacturers. As indicated by Market Watch, the Apple Watch per unit appraisal was diminished to 10.5 million from 11 million this year.

The Apple Watch was supposedly expected to be the most desirable and magical item from the tech giant. As per Security Analyst of Pacific Crest, Andy Hargreaves, the reduction in its deals will turn into a greater setback for the following financial year, as reported by USA Today. The analyst additionally included that Apple will just offer 21 million Apple Watches in 2016, which is 3 million lower from their assessed offers of 24 million.

Andy Hargreaves stated “Anecdotal evidence suggests Apple Watch demand is slowing quickly.” Hargreaves also said that he noticed that the interest for the Apple watch is diminishing, which is the reason he supposes decreasing the generation volume of the item would be an astute decision for the company’s well being. According to FactSet, “The average analyst estimate for watch unit sales is currently 4.2 million and 14 million for 2015 and 2016, respectively.

So, it would be better if the company the sales due to watch’s very low demand. The Apple Watch was formally introduced on April 24.It comes in three distinct models and two unique sizes. The cost of the watch ranges from $349 to $17,000. It is thought to be Apple's most personal product. Indeed, Apple doesn't generally require huge Apple Watch sales numbers just yet with the iPhone representing about 70% of its income in the second quarter of this current year.

Also, iPhone sales are expected to continue becoming solid, but still the decrease in the demand of Apple watch can be a major setback to the company.

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<a href="/latest_stories/all/all/32" rel="author">Ahmed Humayun</a>
Ahmed Humayun is a technology journalist bringing you the hottest tech stories of the day.

 

 

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