The iPhone maker, Apple Inc (NASDAQ:AAPL), could definitely expect an excellent year ahead with its iPhone 6 and iPhone 6 Plus devices; however, its latest gadget, Apple Watch, might fall short of fulfilling company’s sales expectations. The tech pundits are skeptical about the success of Apple Watch and are afraid that the company might roll back to its infamous history of failing products.
Jon Frott, CNBC, said,
“What I argue is that Apple Inc. (NASDAQ:AAPL) tends not to hit Homeruns with products introductions. They might become home runs later, but they hit doubles and singles. Take a look at the iPad it sold less than 2 million units its first year out.”
In fact, considering the introductory years of Apple devices, iPhone raised overall sales of 10 million devices in its first year.
A similar statement came from Max Wolf, Manhattan Venture Partners’ Chief Economist, who said that the company would have a good year but its digital watch is not the product investors should eye. He further added,
“They’ll have a good year, it’s a good investment but the watch is not going to drive anything other than some gravitas, some bragging rights and a big push back on this sort of unfortunate belief … that Apple has lost some of its mojo when it comes to innovation and disruption,”
According to Wolf’s expectations, Apple Inc. (NASDAQ:AAPL) is likely to sell less than 10 million units of Apple watch. He further emphasized that the company must capitalize over its recent acquisition of Beat music service.
At the same time, some experts are opined that the watch might not be a flop but it is difficult to predict anything considering the lack of information over its functioning.
The shares of Apple Inc. (NASDAQ:AAPL) are trading at $109.33 with a slower start in the New Year.
This article has been written by Prakash Pandey.