Analyst Says Apple Will Sell Between 3 million and 5 million units in the June Quarter

[RaduTyrsina]

In a recent research note to investors, Analyst Amit Daryanani of RBC believes that strong demand for the Apple Watch is a good signal for strong sales in the upcoming June quarter. He believes Apple will sell between 3 million and 5 million units after it has been reported that orders may have reached 1 million in the first 24 hours of availability.

Furthermore, Daryanani believes Apple will ship between 15 million and 20 million units before the end of 2015. According to him, the average selling price of the Apple Watch is going to be around $550. Here are some more details:

The analyst also noted that lead times for new orders haven't changed much since preorders for the Watch began last Friday. To him, that suggests that Apple will be able to ramp up its supply over the coming weeks and months in line with recent orders.

Analysts have been quick to weigh in on Monday after Apple declined to announce first-weekend preorder numbers for the device. Earlier, Timothy Arcuri of Cowen and Company revealed comments from retail employees who indicated that nearly all try-on appointments for the Apple Watch have resulted in preorders.

Apple has declined to discloses official sales numbers for the first weekend, which has prompted many analysts to jump in with their own estimates. What do you think - will Apple manage to take the crown of the wearables market with its first smartwatch? Leave your comment below and let us know.

Source: RBC

 

[scifan57]

I think that they'll almost certainly end up as the market leader. In the first day of pre-orders they sold more watches than the total number of Android Smart Watches sold in the previous year.