Apple’s vague Watch comments dissected on Wall Street

By | April 28, 2015

Scalper1 News

Apple (AAPL) CEO Tim Cook on Monday gave no specifics on Apple Watch pre-orders or first-weekend sales, leaving analysts on Wall Street to parse his vague comments for deeper meaning on the new product. On a conference call with analysts late Monday to discuss March-quarter earnings, Cook commented generally on the Apple Watch, which went on sale Friday in nine markets after two weeks of pre-orders. “All around the world, we’ve seen the excitement on social networks as people start using their Apple Watch. The response has been overwhelmingly positive,” he said. Demand for the new smartwatch currently is greater than supply, Cook said. Apple expects to have enough production capacity by late June to begin offering the Apple Watch in additional countries, he said. The wearable device went on sale Friday in nine markets: Australia, Canada, China, France, Germany, Hong Kong, Japan, U.K. and U.S. Apple is selling the… Scalper1 News

Scalper1 News