Analyst Ming-Chi Kuo Posts 'Apple Watch Estimates And Predictions' - Medium
Portfolio Pulse from Benzinga Newsdesk
Analyst Ming-Chi Kuo predicts that the 2024 Apple Watch will not adopt Micro LED, and the 2025 model may use it. Apple Watch shipments in 2023 are expected to decline by 15% YoY to 36–38 million units. The highly anticipated blood glucose monitoring feature won't be introduced in 2024 or possibly 2025. Kuo suggests that the Apple Watch may need to be repositioned if there's a YoY decline again in 2024.
October 10, 2023 | 5:41 pm
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Apple's future Apple Watch models may not include anticipated features such as Micro LED and blood glucose monitoring until 2025. This, along with a predicted 15% YoY decline in shipments in 2023, could impact Apple's stock negatively in the short term.
The lack of anticipated features in future Apple Watch models and a predicted decline in shipments could lead to a decrease in consumer interest and sales, potentially negatively impacting Apple's stock price.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100