Scalper1 News
In its first year of sales, the Apple Watch could generate almost three times as much revenue as watchmaker Fossil Group (FOSL) did in the last 12 months, RBC Capital Markets predicted Monday. RBC analyst Amit Daryanani forecasts that Apple (AAPL) will sell 20 million Apple Watch smartwatches and generate $10.4 billion in revenue in its first 12 months. By comparison, Fossil has generated sales of $3.5 billion during the past four quarters. The Apple Watch could add 40 cents in earnings per share to Apple’s bottom line in its first 12 months, Daryanani said in a research note Monday. He assumes an average selling price of $520 for the Apple Watch, which he predicts will go on sale in March. Apple has said it will start selling the Apple Watch in early 2015, with the entry level model costing $349. Daryanani reiterated his outperform rating on … Scalper1 News
Scalper1 News