Got a good laugh when this guy said that he believes apple will sell up to 1,000,000 gold apple watches every quarter? 1,000,000 at $4000-$5000 a piece, who are the idiots paying for something so ridiculous? This watch market is being hyped all over again, I know a few people who wear these tech watches but I still don't understand the idea behind them, are they that lazy to use their phone to text and see who is calling them when their phone is within reach of them 99.9% of the time!!!! To think apple is going to sell 1,000,000 of these gold watches every quarter? HAHA, they will be lucky to sell over 100,000 of them! The crazy-expensive gold Apple Watch could make $5 billion per quarter by Ben Geier @ben_geier FEBRUARY 18, 2015, 9:28 AM EST Breaking down the numbers News flash: Apple products are expensive, and Apple makes a ton of money every quarter because of it. The high-end version of its upcoming Apple Watch, though, could set a new record in terms of cost — and bring in truly boffo revenues. Watch more of the latest news about Apple from Fortune’s video team: Apple AAPL 0.06% is planning on ordering more than 5 million units of the Apple Watch for its initial run in total, according to a Wall Street Journal report Tuesday. Half of those will be the most basic model, which are expected to sell for $350. A third of the initial run will be the as-of-yet unpriced mid-tier model. As longtime Apple watcher Jon Gruber points out, that leaves around 17% of the the initial production run to be the high-end “Edition” model, which will be cased in 18-karat gold. The Edition model doesn’t have a set price yet, but it’s expected to go for more than the $4,000 Mac Pro, making it among the most expensive Apple products ever. Gruber notes that 17% of a figure between 5 million and 6 million translates to between 850,000 and 1 million units. If the price comes in at $5,000 per Apple Watch, and Apple sells 1 million per quarter, that means Apple can pencil in $5 billion in revenue on sales of the high-end Watch. Of course, the price could be even higher, meaning that could be the low end of potential gains from the Edition Watch. Photograph by Justin Sullivan — Getty Images
hahaha....just like that more magic for the markets.... NO SUCH THING AS FAILURE, JUST LIKE here in the US every single time we near the debt ceiling what do they do? THEY RAISE IT!!!!! NO SUCH THING AS FREE MARKETS!!!!!!!!!!!!!! ECB approves 2 week extension of emergency liquidity for Greek banks: DJ, citing source CNBC.com staff | @cnbc 3 Mins Ago