Apple Stock News: Analysts Debate Apple Watch Sales
Apple announced the Apple Watch in September along with the new iPhones and it is expected to go on sale in early 2015. The Apple Watch will be the company’s first new entry into a major product category since the iPad and will be Tim Cook’s first brand new product since taking over as CEO. With growth hard to come by in other product categories due to market saturation, the success or lack there of for the new gadget will be closely monitored by financial analysts. Many will interpret the success of the launch as if Tim Cook and Apple will be able to continue to succeed in the post-Steve Jobs era. Unsurprisingly, analysts are all over the place when estimating how many of the product will sell in the first year, as wearables is a new market.