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Up to 20% of iPhone owners will buy Apple’s new smartwatch after it goes on sale next spring, a report from Cantor Fitzgerald predicts. The consumer appetite for the Apple Watch “will surprise the skeptics next year,” Cantor Fitzgerald analyst Brian White said in a report Friday. “We believe an 18%-20% conversion rate for the Apple Watch relative to the quarterly iPhone shipments is reasonable and less than half the 45% conversion rate for the iPad.” White is predicting that Apple (AAPL) will sell 37 million to 41 million units of Apple Watch in its first year on the market. That translates to at least $12.9 billion to $14.3 billion in revenue and earnings per share of 65 to 72 cents, if all units were to sell at the starting price of $349. “This is the entry-level price and thus conservative,” he said. A recent report said luxury models of … Scalper1 News
Scalper1 News