JP Morgan anayst believes Apple will sell 26.3 million Watches this year
As the release of Apple’s first smart wearable draws nearer, the numbers have steadily started to trickle in. Apple is now worth $700 billion, no doubt, but analyst Rod Hall who is employed by JP Morgan believes that the iPhone maker will continue to grow in value during the run of this year.
Hall believes 26.3 million Apple Watches will be sold by the end of this year, helping the Cupertino-headquartered company to grow even further in worth. The analyst predicts that, despite being the most valued company ever listed on the stock market, Apple shares (currently worth $123.96/share) will grow to $145 per share by the end of 2015.
By the end of 2016, 13% of compatible iPhone users will have at least one Apple Watch. The “Sport” model of the smartwatch will occupy 95% of all Apple Watches sold, the analyst forecast.
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