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Apple Likely Didn't Anticipate Apple Watch Titanium Models To Sell Well And May Have Run Out Of Supply: Gurman

Benzinga2021-08-02

Apple Inc AAPL may have underestimated the demand for Apple Watch Series 6's Titanium variant and run out of supply months after it stopped manufacturing them,as perBloomberg's Mark Gurman.

What Happened: The $799 titanium model of Apple Watch Series 6 is listed as “currently unavailable” on Apple’s website and is sold out in most major markets for every size, color and band configuration and it is also said to be unavailable at most brick & mortar Apple stores globally.

“Given the high price point, Apple probably only made a small amount expecting they wouldn’t sell very well. They likely stopped manufacturing them months ago and are finally running out of supply,” Gurman noted in the latest edition of his tech newsletter.

Why It Matters: Apple is expected to launch the Apple Watch Series 7 alongside the iPhone 13 in September.

According to Gurman, Apple may drop the pricier Edition material as it has done in the past as it would not make sense to buy a watch that will be outdated in a year and will cost $800.

Apple does not break out separate sales numbers on Apple Watch but it is a key revenue driver for the Cupertino, California-based company’s wearables, home, and accessories segment. The category churned in $8.77 billion in sales, up 36% from a year-ago quarter.

Price Action: Apple shares closed 0.15% higher at $145.86 on Friday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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Comment13

  • CL777
    ·2021-08-03
    A trick to increase demand? 
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    • potatochip
      [Speechless]
      2021-08-04
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    • Sheryl85
      haha
      2021-08-03
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  • FooTY
    ·2021-08-02
    ?
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  • LimHianYew
    ·2021-08-02
    [Cool] 
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  • Okie_cheong
    ·2021-08-02
    Apple… ??????
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  • DDRuirong
    ·2021-08-02
    Yeah
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  • oldmanglenn
    ·2021-08-02
    An apple a day
    Reply
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  • glorify
    ·2021-08-02
    Apple is expected to launch the Apple Watch Series 7 alongside the iPhone 13 in September.Apple iPhone 13 launch 13 September will attract more people to buy & boost earnings. Apple ? up up up to the moon!?????????
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    • KS_Lee
      Heavy resistance at 150 level. Will likely take something really special to breach this level for it to go higher.
      2021-08-02
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    • RichyRick
      Up up to the moon
      2021-08-02
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  • sheenayam
    ·2021-08-02
    Please like and comment
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    • Ellen77
      Done.. ?
      2021-08-02
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  • SASMINE16
    ·2021-08-02
    [Eye] 
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    • TYsg
      Hi
      2021-08-02
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  • 377tkr
    ·2021-08-02
    Great sales for Apple watch
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  • Jaimeeeee
    ·2021-08-02
    I
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  • Abu888
    ·2021-08-02
    Test
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  • Denn205
    ·2021-08-02
    Like and comment 
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    • Weijj
      ?
      2021-08-02
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