Customers preordering Apple Inc’s smartwatch will have to wait at least a month for delivery, a sign of strong early demand for the product.
With the launch of product, people flocked to Apple’s stores around the world to get a close-up look. Apple predicting demand would exceed supply at product launch.
CEO view this as an indication of solid demand paired with very limited supply. We continue to expect modest sales in the June quarter as demand ramps over time.
The Apple Watch sport starts at $349 while the standard version comes in at $549 in the United States. High-end “Edition” watches with 18-karat gold alloys are priced from $10,000 and go as high as $17,000.
At a San Francisco Apple store, dozens of customers crowded around newly installed wooden cabinets, snapping pictures of the gadgets on display under glass. Apple employees, admittedly still unfamiliar with the watches’ finer points, guided customers through features like text messaging, maps and fitness tracking.