SAN FRANCISCO: Customers pre-ordering Apple Inc’s smartwatch will have to wait at least a month for delivery, a sign of strong early demand for company Chief Tim Cook’s first new major product.
People flocked to Apple’s stores around the world to get a close-up look at the Apple Watch, the tech company’s foray into the personal luxury goods market, with Apple predicting demand would exceed supply at product launch.
Cook, interviewed on cable television channel CNBC, said initial orders were “great” for the device, available for pre-order online and to try out in stores by appointment, but not to take home.
“We view this as an indication of solid demand paired with very limited supply,” Piper Jaffray analyst Gene Munster wrote in a note to clients. “We continue to expect modest sales in the June quarter as demand ramps over time.”
