There Might Not Be An Apple Watch Ultra 3 Next Year: 'Unusual' And A 'Bad Sign', Says Analyst
Portfolio Pulse from Rounak Jain
Apple Inc. (NASDAQ:AAPL) may not launch its Apple Watch Ultra 3 in 2024, according to analyst Ming-Chi Kuo. This is unusual given Apple's product development schedule. If the Ultra 3 is not launched, Kuo predicts a 10% year-on-year decline in total Apple Watch shipments in 2024. Additionally, Apple Watch Ultra shipments could decline 20-30% year-on-year if a new model is not introduced next year.
October 27, 2023 | 12:20 pm
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Apple's potential decision not to launch the Apple Watch Ultra 3 in 2024 could lead to a decline in total Apple Watch shipments, potentially impacting the company's revenues.
The Apple Watch is a significant product for Apple, contributing to its revenues. If the company does not launch a new model as expected, it could lead to a decline in shipments, which would negatively impact revenues and potentially the stock price.
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