Wall Street expects high margins, respectable sales for launch of well-designed Apple Watch
By GCRU Gold News on Wednesday, March 11 2015, 02:30 - Permalink
Huberty's assumptions call for Apple to account for 1 percent of the 30 million unit-per-year Swiss luxury watch market with its high end Apple Watch Edition, starting at $10,000.
Wall Street expects high margins, respectable sales for launch of well-designed Apple Watch
That's 300,000 gold watches per year in sales.
Apple states that the watches are 18ct or 75% pure. The chart below shows that the 18ct is not actually 75% so lets use 60% (it could well be less)
300,000 watches at 1.2oz (60% pure) = 360,000oz or a bit over 11 tonnes of gold per year.
