Apple Stock News: Apple Watch Is Expected To Contribute 36% Of Revenue Growth
Evercore analyst Rob Cihra said in a note to investors that he believe the Apple Watch will be made available for sale in March and will achieve an average selling price of $500. He believes that the product will be a meaningful addition to the company’s bottom line for the remaining nine months of the year, adding 4% to Apple’s calendar 2015 revenue and accounting for 36% of its growth.