After reading over various posts throughout the day and over the past few days, I've begun to think more and more that the watches that are still processing are coming via Fedex. Here are some reasons: 1. The Space Gray Sport - These seem to be by far the most rare to get shipping notifications (I haven't seen a single 38mm ship), yet these were by far the most popular config. How is it that Apple wouldn't anticipate this? 2. The black sport band - Again, very rare. Most of the ones shipping now are other colors. Again, there's no way Apple wouldn't anticipate the black sport band being the most popular. 3. Fedex is usually the carrier of choice for Apple...and many of the accessories are shipping quickly (some the next day!) via Fedex. 4. The Apple Watch deliveries so far have been manufactured after the pre order date. So Apple decided to make these all in 2 weeks? So what's more likely? That Apple, who has one of the most sound supply chains of any company, is going to miss demand on the most popular Watch config out there.... Or, that Apple produced a ton of the models they thought would be most popular and got them to Fedex early. Maybe Fedex has a warehouse of Apple Watches already assembled waiting for shipment tonight. The accessories got shipped to the same place and, without a hold, have begun going out. The reason these wouldn't have charged yet is because Apple is paying for the Fedex warehouse space. They still technically own the title to the goods. The UPS orders were supposed to be store inventory, but, due to demand outclassing supply, they diverted those to pre orders.