It seems like nobody will receive an Apple Watch for the holidays — this year at least.
Apple Inc. announced in September that they will send the Apple Watch to stores very soon, but an analyst from Rosenblatt Securities believes that the tech giant from Cupertino, California is facing several problems in its production. According to Brian Blair, the release date of the Apple Watch will have to be delayed a little further because mass production will only begin sometime in January 2015.
The delay in production only means that the company's first venture in the wearable device market will be out in the market not earlier than February 2015. It could also be released in a very limited quantity.
An article posted in GSMArena mentioned that Quanta, the main supplier of the Apple Watch, earlier speculated to be called the iWatch, could come up with parts that could only create at least 15 million units. It could probably increase up to 20 to 25 million units if the demand for the wearable device will catch up.
However, there are reports saying that one of the biggest markets that patronize Apple products is not keen on purchasing the Apple Watch in the first place.
In a survey conducted by Piper Jaffray, the teen market is not really looking forward to having the latest wearable addition in the Apple line of electronic gadgets. Teens are recognized as one of the biggest buyers of electronic products today. However, the survey conducted by the investment banking firm found out that only about 16 percent of the 7,200 teen respondents from different states in the U.S. showed interest in the Apple Watch.
Analyst Gene Munster offered an explanation about the result of the survey in an interview with CNBS.
"What's driving that is teens don't wear watches and I think that there is a kind of a structural shift that needs to happen and I think in general people have just obviously been using their phones to tell time," the analyst said.
The price can also be a factor why teens are not thinking about getting the upcoming Apple product. Blair estimated that an Apple Watch could cost at least $499, and the so-called Apple Edition could reach as much as a staggering $4,999 price tag once released in the market.
