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Depending on which analyst report you read, Apple ‘s (AAPL) new smartwatch is either a hit or a flop. Morgan Stanley analyst Katy Huberty on Wednesday raised her “base case” for Apple Watch sales by 20% to 36 million units in its first 12 months, up from 30 million. “We believe this remains a conservative estimate of demand,” she said in a research report. “However, we believe supply will significantly undershoot demand in the first six months, making our base case the most realistic outcome for shipments near-term.” Her bull case is for 50 million Apple Watch sales, but supply limitations will make that target difficult to reach, she said. Meanwhile, KGI Securities cut its shipment predictions for the Apple Watch this quarter by 20% to 30%, citing slow demand. It now expects 5 million to 6 million units shipped in its fiscal third quarter, 9to5Mac reported. KGI has cut… Scalper1 News
Scalper1 News