Apple Inc. (NADSAQ:AAPL) and millions of the Apple lovers are eagerly waiting for the launch of Apple Watch on Monday. Many investors feel that Apple Inc. (NADSAQ:AAPL)’s smartwatch might not be an instant hit, like iPhone 6 or 6 Plus. But many other feel that Apple Inc. (NADSAQ:AAPL)’s smartwatch might push the stock up further in 2015. Manhattan Venture Partners Chief Economist, Max Wolff talked on CNBC about what to expect from Apple Watch.
Wolff pointed at some known facts that Apple Inc. (NADSAQ:AAPL)’s smartwatch might come in three editions, Apple Watch, Apple Watch Sport and Apple Watch Edition, with each of these in two sizes. He added that the entry level, smallest and lowest level one, Apple Watch, which is made out of Aluminum material might cost around $350.
Wolff said that the average unit cost of Apple Watch might be more than $500. He mentioned that these devices have its own Apple ecosystem, and can only connect to iPhone 5 or newer running with iOS 8. He feels that some people who want Apple Watch, might upgrade their iPhone and OS well, which he thinks might generate more money for Apple Inc. (NADSAQ:AAPL) than the Apple Watch sales.
“Certainly we expect the usual fanfare, the last minute movement of the story. We are really looking to see what the story is on water resistant. There have been a lot of rumors to water resistance is kind of zero here, and that’s going to make people nervous here, which won’t be great for the watch. Because nobody wants to pay $500 for something to wash your hands and have it as a very expensive paper weight,” Wolff said about expectations about on Apple Watch.
Wolff added that there are expectations on battery life of Apple Watch, which he expects to be better. He said that another expectation is about the announcement on the countries that will get the Apple Watch during the first phase.
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