Scalper1 News
Apple’s iWatch is likely to sell as well as the company’s iPad in its first two years, UBS analyst Steven Milunovich said in a report Monday. Apple (AAPL) hasn’t announced the rumored smartwatch/fitness band yet, but Milunovich is estimating it could sell 21 million units in fiscal 2015 and 36 million units in fiscal 2016. He predicted an average selling price of $300 for the wearable device. That would translate to estimated sales of approximately $6.5 billion in fiscal 2015 and $11 billion in fiscal 2016, he said. The iWatch could boost earnings per share by 15 cents in fiscal 2015 and 30 cents in fiscal 2016, Milunovich said. Overall, he sees the iWatch boosting Apple (AAPL) sales by 4% and EPS by 1% to 2%. But he hedged on his predictions. “The iWatch might do better than the iPad due to a larger customer base at launch or worse because… Scalper1 News
Scalper1 News