Apple policy and in particular Tim Cooks is the more inventory Apple has sitting in its warehouses the more it costs the company, remember warehouses full of stock and unsold machines had nearly sunk apple in 1996 so the new normal is the less inventory the better.Cook once referred to inventory "not only evil,but fundamentally evil"Too much inventory was a consequence of forecasting sales wrongly. Traditional a company will manufacture good to suit expected orders under a period of months,that means each machine is built,shipped and stored and cost money until it is sold,This is not Tim Cooks way he uses a state of the art IT system that allows Apple to build in response to demand, I have a feeling that instead of having early production and warehouse ready to ship the product in time for the 24th Foxconn who produces the Apple watch didn't actually start production until on or after the 10th of April when the preorders started flooding in and Apple have been overwhelmed or caught by surprise by the popularity of certain models and underestimated how much Apple watches that would be pre-ordered and have been playing catch up to meet supply and demand since.And theres been no way the two week period between the 10 April to the 24th has been a long enough period to begin and fulfil all pre-orders and delivered in time for launch day and for this reason you are not sporting your brand new Apple Watch on your wrist.