Apple Watch Series 3 Demand Is Higher Than Expected, According to Renowned Analyst
The Apple Watch Series 3 has been a clear winner just like its predecessors as a well-placed analyst provides findings that the demand for the wearable has been higher than anticipated. He goes on to say that Apple’s clever pricing of the smartwatch has also turned the product into a reliable revenue generator.
Ming-Chi Kuo Notes That the Low Premium of $70 for the LTE Version of Apple Watch Series 3 Resulted in Stronger Demand
According to KGI Securities analyst Ming-Chi Kuo, the $399 Apple Watch Series 3 managed to accumulate stronger than anticipated demand as opposed to the non-LTE version thanks to the $70 premium. The regular version costs $329 with support for eSIM technology the only thing separating the two models.
The analyst states that that the pre-order weightage of the GPS + Cellular version of the Apple Watch Series 3 is approximately 80 to 90 percent over the non-LTE version, but an exact figure of the pre-order sales was not provided as Apple does not publicly reveal such numbers.
“Before the media event, we forecasted the production weighting of the GPS + Cellular version would be 30-40%. However, the pre-order website shows shipments of this version are taking much longer than those of the GPS version (3-4 weeks, from shipments launch day of September 22). We estimate the preorder weighting of the GPS + Cellular version is 80-90%.”
To show how popular the Apple Watch Series 3 models were that equipped with LTE, the wearable began selling out within 15 minutes of when pre-orders became available for the device on Friday, September 15. If you intend to place a pre-order for the smartwatch, do note that now it will take between three to four weeks to get one of the LTE versions and before you ask, there is no in-store pickup available at this time.
Do you think the Apple Watch Series 3 with LTE is a better purchase compared to the regular variant? Tell us your thoughts down in the comments.