How many Apple Watches could the Cupertino, California-based company sell during the first year? At least 10 million units, according to Piper Jaffray’s Gene Munster. The analyst’s “conservative expectations” to investors were first shared with AppleInsider.
Calling the Apple Watch “light years ahead of any other smartwatch,” Munster calculates that the average price for each unit sold to be $500, which would add about 3 percent to the company’s bottom line.
We believe that to date, there have been less than 3 million smartwatches sold in total, thus the Apple Watch will represent a significant change in the smartwatch industry.
First announced on Sept. 9, the Apple Watch will be available in two different sizes and three unique versions – the Apple Watch, Apple Watch Sport, and Apple Watch Edition. Prices will begin at $349.