Instant Alert: Apple Watch is 'showing signs of life' among holiday shoppers

Posted On // Leave a Comment

Your Message Subject or Title

  MANAGE SUBSCRIPTIONS   |   UNSUBSCRIBE   |   VIEW ONLINE
 
 
 
 
 

Apple Watch is 'showing signs of life' among holiday shoppers

by Jillian D'Onfro on Nov 27, 2015, 3:16 PM

Advertisement

The Apple Watch is "showing signs of life" heading into the holiday shopping season, according to channel-checks by FBR Capital Market's analyst Daniel Ives. 

With Black Friday underway and a continued shopping fervor still ahead, Ives writes in a note to investors this morning that observations at various Apple store as well as Target and Best Buy show customer interest — and willingness to shell out at least $349 for the cheapest version of the watch — ramping up. 

Target even called out the Apple Watch as one of the three items that helped it achieve record-breaking online sales on Thanksgiving. 

This report follows many others indicating that Apple's smartwatch wasn't selling as well as Wall Street had hoped. Price and the newness-factor have reigned as two reasons for why people have chosen not to take the plunge. 

FBR analysts pegged total Apple Watch sales at roughly 6 million so far, while research firm Canalys estimated a slightly rosier 7 million earlier this month

But FBR sees the holiday season alone ringing in between 5 million and 6 million additional units sold. 

"While supply constraints/a choppy launch period have caused stumbles out of the gates for Cook & Co. on the Apple Watch front since April's unveiling, we have slowly seen momentum in the field over the last few months," Ives writes.

SEE ALSO: I tried a $99-a-month service that gave me unlimited access to luxury dresses and I'm obsessed


 
Share the latest business news with your network:

Facebook Share Twitter Share Email Share
Email sent to:   |   Manage your email preferences   |   Unsubscribe

Terms of Service   |   Privacy Policy

Business Insider. 150 Fifth Avenue, New York, NY 10011
Sailthru

0 comments:

Post a Comment