Posted on 11/06/2015 2:31:41 PM PST by Swordmaker
Apple Watch has the smartwatch market largely to itself, selling millions of units each quarter while its nearest competitors are lucky to sell in the hundreds of thousands.
On Wednesday, research firm Canalys estimated that Apple (NASDAQ:AAPL) shipped nearly 7 million Apple Watch units in Q2 and Q3 combined, the first two quarters of availability. Meanwhile, Wall Street analysts estimate that Apple sold 6 million Apple Watches during that period.
Canalys didn't break down shipments by quarter, but Wall Street analysts estimate that Apple sold 3.5 million watches in the September quarter.
Apple's closest rival shipped fewer than 300,000 units in Q3, Canalys said. Apple's rivals include Samsung, Pebble, LG, and Lenovo-owned Motorola.
In the second quarter, Apple is believed to have captured 75.5% of the smartwatch market with shipments of 4 million units, according to Strategy Analytics. The research firm put Samsung in second with 7.5% market share and 400,000 units shipped.
(Excerpt) Read more at news.investors.com ...
If you want on or off the Mac Ping List, Freepmail me.
revenue of approximately $3.5 Billion
******************
How much profit is that? How many unit sales until breakeven?
Is this a useful product yet or just arm candy for people with an AAPL addiction? I understand it tells time reliably as long as the battery lasts (a day maybe?) but what can it do without being tethered to it’s parent device? When will AAPL come out with a “watch” with a 4” or 5” screen so you can read texts and e:mails?
It is quite useful. I find I don't have to dig out my iPhone as frequently as I once did to find out if I need to answer a call or respond to a text. If I do need to answer a phopne call or make a quick response to a text message, I can often handle it right on the watch. I can already read emails and texts on the Apple Watch at the size it ccurrently is.
I put on my Apple Watch in the morning and put it on to charge at around 2AM and it generally shows between 65%-70% charge remaining. l've gone 2 ½ days without recharging it with normal use and still had 20% charge remaining when I finally put it on its inductive charger.
Without being tethered to an iPhone, it can keep track of health issues such as pulse, heart condition, respiration, keep track of calories used, distance run or walked, pace, time, and location, it can play music, podcasts, and show photos, etc, that are stored on the device (several thousand tunes),. . . it just cannot receive or send calls or messages because it doesn't have the radios for those functions, nor can it pass on the health information to your doctor until it pairs again with the iPhone or a WIFI network.
As to the question of profit, Apple has stated the margin on Apple Watches is, dependiong on the model, approximately 40%. Ergo, the gross profits are approximately $1.4 Billion. . . in other words, the profits alone from the Apple Watch, which you are obviously trying to denigrate and sneer at, are greater than the gross revenues of the bottom 15% of companies on the Fortune 500! Apple stated their net tax rate was approxiimately 27% so their Net after tax profit on the Apple Watch would be a little under $1.1 Billion.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.