As iPhone sales continue to boost Apple's revenue, analysts cited that the Apple Watch demand has been slowly decreasing. According to Market Watch, the Apple Watch unit estimate was reduced to 10.5 million from 11 million this year.
The Apple Watch was reportedly supposed to be the next "magical product" from the tech giant. According to Andy Hargreaves of Pacific Crest, the decrease in its sales will become a bigger letdown for the next fiscal year, as reported by USA Today. The analyst also added that Apple will only sell 21 million Apple Watches in 2016, which is 3 million lower from their estimated sales of 24 million.
Hargreaves noted that the demand for the Apple watch is decreasing, which is why he thinks reducing the production volume of the product is a wise choice for the company. Recent reports have suggested that investors and developers need to downscale their expectations from this new gadget.
The Apple Watch was officially launched in April 24. It comes in three different models and two different sizes. The price of the watch ranges from $349 to $17,000. It is considered to be Apple's most personal product.
According to CNet, one of the good things about the device is it was beautifully constructed. It is packed with features and hundreds of apps, including the ability to send and receive calls via an iPhone. However, the downside of the gadget, aside from being one of the most expensive smartwatches in the market, is its poor battery life. According to the review, the battery barely lasts a day and the recharge time is slow. Sometimes the interface of the watch can reportedly also be quite confusing for many, and communication can be slower when it is paired with the iPhone.
