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My analysis of what is going on is that the eager early adopters are getting their Apple Watches fast enough if slightly delayed. They went ahead and ordered their desired watch and spending more merely to have one a couple of weeks to a month early is just not worth several hundred dollars to them. Sorry profiteers. . . perhaps you should try smuggling them into China. . . but I think you will find the same situation there, as Apple made pre-sales available on the same time schedule in China as well.
Obviously, upon initial release you’d expect the fanboys and gadget nuts to provide a demand. We’ll see if this “demand” has staying power. I personally see no use for it myself. But that’s just for me. If lots of people find it useful and sales go through the roof then good for Apple.