Tim Cook: Apple Watch Sales 'Exceeded Expectations'

[aliensporebomb]

Anecdotally: When I picked up my new BTO iMac from the Apple store about 8 days ago there was a woman being fitted to her watch and there were a number of bags with apple watch boxes in them, about 12 or so and she asked the salesguy if those were for other fitting appointments and he said they were all for that afternoon. I was kind of surprised at the quantity myself.

 

[nikaru]

The Apple Watch is super sucessful in my opinion. I have seen many people wearing one and the watch has been available in Spain just for couple of weeks.

 

[Chupa Chupa]

The only thing that's sad is this silly post and the minuite of

I can lookup after hours quotes just fine, thank you. The share price I quoted was what it was at the time I looked it up. This doesn't mean jack squat anyway as right now the share price is what it was on July 10. The price climbed over the last week or so in anticipation of the financial report. This is merely a correction and has nothing to do with the Apple Watch.

Revisionist history much? Thanks to good old timestamps its clear you made your post only minutes before I posted the after-hours trading screen capture. So don't try to spin your spin. AAPL was never down 1% in yesterdays post market trading as you claimed. It, in fact, went down 8% from the start, but recovered a bit when I posted the screen capture.

And some kind of investor you are being OK with your stock losing most of the gains it made in the past few weeks because of fundamental questions about Apple's ability to continue double digit growth munch longer. I'm not freaking out about it but its no comfort either that it's retracing. If AAPL closes below $120.07, it's low for the past 3 months that's a bad signal. Never want a stock to make lower lows esp. after right after failing to make a new high.

 

[nikaru]

Trying to hide it in 'Other products' reveals Cook's insecurity and complete lack of confidence in this device.

Or the fact that he dont want to reveal to his compeitors a strategic data that may be used to accelarate the production of competing products? Many analysis and market researchers already confirmed that the Apple Watch outsold any similar products multiple times, so not sure where do you find any lack of confidence and insecurity...Or maybe you are just a troll?

 

[firewood]

Just remember it's apple and only apple that is laughing all the way to the bank. Not their fans, just apple.

Untrue in most cases. Most people (the ones who aren't broke) take money out of their bank accounts to buy stuff only if the product is more valuable or useful to them than that number in their bank account ledger (or greenbacks in their mattress). They also laugh because they've improved their life by trading their money for apples (or Apple Watches). Otherwise, everybody would resemble Scrooge-McDuck sitting on piles of gold coin.

 

[MNJohn]

As expected, Apple did not share specific sales numbers on the Apple Watch during its third quarter earnings call, but Apple CEO Tim Cook did shed some light on how well the Apple Watch did during its first quarter of availability. According to Cook, Apple Watch sales "exceeded expectations" despite supply continuing to trail demand at the end of the quarter. "We feel really great about how we did," he said.

Cook also pointed out that Apple Watch sales during its first nine weeks of availability were higher than sales of the original iPad and iPhone when those devices first became available for sale. June sales, he said, were higher than those in April or May, suggesting reports of falling demand in June were inaccurate.

Apple includes the Apple Watch in its "Other Products" category in an effort to keep its competitors from getting a detailed look at its shipments. Other Products includes the Apple Watch, the iPod, the Apple TV, and accessories like Beats headphones.

During the third quarter of 2015, the Other Products category saw $2.6 billion in revenue, up from $1.7 billion during the second quarter of 2015, a difference of nearly a billion.

Cook said it "would not be accurate" to look at sequential change or year over year change and assume that number represents the actual Apple Watch revenue because there are a lot of factors at work, including declining iPod and accessory sales, which are also included in the category. In a statement made to the Associated Press, Luca Maestri said something similar, suggesting revenue from the Apple Watch amounted to "well over" the $952 million increase between the two quarters.Aside from analyst estimates that range from an estimated 2.85 million sales to 5.7 million, that rough $1 billion revenue figure that accounts for the difference between Q2 and Q3 is the closest we've come to learning how many Apple Watch devices Apple sold.

Cook went on to say that beyond the "very good news in sales," Apple is excited about how the Apple Watch is positioned for the long term. There are now 8,500 apps available for the device, and the company is poised to release watchOS 2 in the fall, which will bring native apps and performance improvements. "We believe the possibilities for Apple watch are enormous," said Cook.

Article Link: Tim Cook: Apple Watch Sales 'Exceeded Expectations'

If the Apple watch is such a great new product hit, why is Apple stock down 4.5-6.0% today????

 

[BaldiMac]

If the Apple watch is such a great new product hit, why is Apple stock down 4.5-6.0% today????

Probably because investors don't know if it is such a great new product yet. Also, Apple Watch numbers are insignificant at this point. They are mainly reacting to iPhone numbers.

 

[BvizioN]

You need to change your statement to "some guys here wanted the AW to (miserably fail) / (gloriously succeed) "

There is nothing wrong with Apple enthusiast/fans to want an apple product to gloriously succeed. The idea is that a forum like this attracts fans. I would't dream of wasting my time on a forums of a company/products I have no interest. I only follow things that interests me, not the ones I hate.

 

[AppleScruff1]

That does annoy me that they jacked up the price, removed internal expandability/upgradability, and have let it basically rot on the tree now going on 2 years.

You can build a monster of a PC for the base price of the (Late 2013!) Mac Pro... I know I did. And when I need more power, I can (more than likely) throw more RAM and a new pair of video cards in it. (maybe even a next gen CPU)

Yea, but your PC isn't round like a miniature trash can.

 

[neuropsychguy]

If AAPL closes below $120.07, it's low for the past 3 months that's a bad signal. Never want a stock to make lower lows esp. after right after failing to make a new high.

If aapl closes below $120.07 the only thing that means is it's time to buy more stock. Apple stock was below $110 at the beginning of the year. Apple had a huge decline in stock value from 2012 to 2013 and bounced back and more. This drop in stock value is little more than overreaction by investors to Apple missing iPhone sales estimates by market "experts" who were not entirely accurate with their predictions (i.e., their mathematical models were off).

 

[MH01]

There is nothing wrong with Apple enthusiast/fans to want an apple product to gloriously succeed. The idea is that a forum like this attracts fans. I would't dream of wasting my time on a forums of a company/products I have no interest. I only follow things that interests me, not the ones I hate.

so you are okay with Apple enthusiast/fans trying to twist facts to make something true?

That is what I was referring to, cause both camps are guilty.

 

[firewood]

so you are okay with Apple enthusiast/fans trying to twist facts to make something true?

Almost all humans do this with their favorite "truths". Why should Apple fans and haters be any different?

 

[BvizioN]

so you are okay with Apple enthusiast/fans trying to twist facts to make something true?

That is what I was referring to, cause both camps are guilty.

No, am not OK with that. You say twisting facts? On this particular occasion the only fact is what Tim have said about Apple watch sales. I have no reason to believe he is lying. Which means, not exactly a flop that people around here wished it was.

 

[phpmaven]

Revisionist history much? Thanks to good old timestamps its clear you made your post only minutes before I posted the after-hours trading screen capture. So don't try to spin your spin. AAPL was never down 1% in yesterdays post market trading as you claimed. It, in fact, went down 8% from the start, but recovered a bit when I posted the screen capture.

And some kind of investor you are being OK with your stock losing most of the gains it made in the past few weeks because of fundamental questions about Apple's ability to continue double digit growth munch longer. I'm not freaking out about it but its no comfort either that it's retracing. If AAPL closes below $120.07, it's low for the past 3 months that's a bad signal. Never want a stock to make lower lows esp. after right after failing to make a new high.

Look pal, I did a quick look up and that's what it showed. I have no reason to make stuff up. Obviously the site I looked at was inaccurate. Regardless, my point stands. The stock is now trading at what it was 2 weeks ago, so hardly a reason for anybody to characterize this small correction as the stock "plummeting". By the way. welcome to my ignore list.

 

[MH01]

No, am not OK with that. You say twisting facts? On this particular occasion the only fact is what Tim have said about Apple watch sales. I have no reason to believe he is lying. Which means, not exactly a flop that people around here wished it was.

Cool, I agree with you in that case. You were specific, and I was general.

 

[MNJohn]

Probably because investors don't know if it is such a great new product yet. Also, Apple Watch numbers are insignificant at this point. They are mainly reacting to iPhone numbers.

The point is that Apple needs to replace income and sales volume from declining iPad sales and stagnating iPhone sales if it hopes to maintain its historical rate in the future. Wall Street is looking at future growth, not what it has done in the past

If the Apple watch is not the next new product to compensate for the declining growth rates of its current iPad and iPhone products, what is? So far, the jury is most definitely out if the Apple watch is that product, or not. If Apple was confident the Apple watch was one of these required new blockbuster products, its sales would be broken out separately, not hidden amongst other crap. That is why Apple stock is taking a big hit today...as well it should.

 

[Ulenspiegel]

Definitely. While the haters are crying on each others' shoulders Apple is laughing all the way to the bank.

For sure. Laughing with your money in their pocket. You can laugh now too, with less money in your pocket and a 1st gen. product on your wrist.

Thanks for the pointless hyperbolic narrative.

It's not useless. It's highly functional and it's a great extension of my iPhone. As for battery life, I've never experienced an issue with lack of "juice" by bedtime.
I would buy one again if mine were damaged or lost.
The short sighted, myopic opinions of many on this forum is astonishing

We are happy that you and other users are satisfied with the AW. Some of us are discussing the latest TC statement dealing with the AW sales numbers. Who is short sighted - as you have mentioned - is relative.

 

[fulles2000]

There are also many circumstances/professions where watches cannot be worn, ruling out entire groups of people.

For example, healthcare. It's standard now across many countries, for all healthcare staff (doctors, nurses, physios, lab staff, etc) to be 'banned' from wearing watches, for infection control reasons. No watches, no bracelets, and short sleeves (or sleeves rolled up). This is to help ensure good hand washing, and reduce infection transfer.
[It's a bit lacking in evidence (!) but it's the NHS policy now, so there's no arguing..]

So, like many other doctors, I stopped wearing a watch at work.. and therefore by default, stopped wearing one most of the time. I have several nice mid-range watches.. sitting unused at home. So it wouldn't matter how amazing the Apple Watch becomes, it's not a purchase for me.

You're absolutely correct. Doctors can no longer wear watches as work so everybody should give up making watches.

 

[fulles2000]

same here. I would have been happy had it not been a watch but a band I could wear on the other hand.

for people who want a watch/band in one, I guess its perfect. Though less and less people wear watches. Only reason i wanted a "band" was for exercise tracking, and this market space seems popular.

I would think the AW is not for you then. You aren't compelled to buy one. There are several products on the market that appear to be exactly what you want though so you're covered.

 

[dotnet]

For sure. Laughing with your money in their pocket. You can laugh now too, with less money in your pocket and a 1st gen. product on your wrist.

Which I, believe it or not, enjoy thoroughly, just like my fellow 97% of Apple Watch buyers.

But never give up hope, maybe Apple's next big thing will be a better flop.

 

[Ulenspiegel]

You're absolutely correct. Doctors can no longer wear watches as work so everybody should give up making watches.

It is absolutely logical, like: Apple produced a 1st gen. watch, Tim Cook says it is a success, then everybody should buy one.

 

[JackANSI]

Yea, but your PC isn't round like a miniature trash can.

You got me there... I'm "cornered" if you will...

 

[Ulenspiegel]

Which I, believe it or not, enjoy thoroughly, just like my fellow 97% of Apple Watch buyers.

But never give up hope, maybe Apple's next big thing will be a better flop.

The main problem here is paranoia. Nobody wishes Apple to be unsuccessful, nobody hates the AW.
We try to discuss what might be the real sales numbers of AW. Leave hope for prayers.

P.S.: We are Apple products owners and users as well, believe it or not.

 

[dotnet]

Nobody wishes Apple to be unsuccessful, nobody hates the AW

I think you may want to reread the relevant threads again.

 

[Ulenspiegel]

I think you may want to reread the relevant threads again.

Thank you for the advice. May I suggest you the same and directing us to the posts explicitly stating that the author wants Apple to be unsuccessful or for this matter hates the Watch.