Joe Rossignol, reporting for MacRumors (excerpt below). KGI Securities analyst Ming-Chi Kuo has a decent – and the best – track record among financial analysts in getting inside information and/or predicting Apple developments.
KGI Securities analyst Ming-Chi Kuo issued a note to investors today that claims Apple Watch demand may be slowing down, resulting in shipment forecasts being revised down by 20% to 30% to 5-6 million units in the third quarter.
Kuo expects total Apple Watch shipments to fall within the 15 million range for the 2015 fiscal year, lower than the consensus of 20-30 million units, but remains upbeat about the Apple Watch and long-term wearable trends.
KGI also estimates that the 42mm model drives 80% of shipments. That’s based on information about the production split and on order shipment times.
