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Thread: RBC: Apple Watch to Rake in $10B in First Year

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    What's Jailbreak? Michael Essany's Avatar
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    Default RBC: Apple Watch to Rake in $10B in First Year

    With shares of Apple at all-time highs, consumer interest in Apple products might similarly be at record levels, too. Consequently, analyst projections for Apple revenue and product sales through 2015 are as robust as they've ever been.

    On Monday, a new sales estimate for Apple's forthcoming smartwatch helped fuel even more optimism for the company in the New Year. This morning, Amit Daryanani with RBC Capital Markets raised his AAPL price target to $120 from $115. But even more exciting was the analyst's projected revenue for Apple Watch.

    Expecting the Apple Watch to launch late in the March quarter, Daryanani sees big first-year sales numbers for the new product.

    "Hes modeling 20 million units worth of sales in the first year at $520 a pop," Barron's reports. If you're keeping score at home, that would add about $10 billion to Apple's bottom line over the first 12 months of Apple Watch's availability.

    Source: Barron's

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