Piper Jaffray Predicts Modest 2015 Sales for Apple Watch
Submitted by Jon Reed on
Although Piper Jaffray believes there is huge potential in the Apple Watch's future, the investment bank believes it may take some time for Apple's new wearable to truly catch on.

In a note written to investors on Wednesday and provided to AppleInsider, Piper Jaffray analyst Gene Munster estimated that Apple would sell around 10 million of its watches in 2015. This is a bit less than BMO's recent estimate of 12 million sales. He advised investors to hold "conservative expectations" for first year sales and wrote, "Overall, we believe that the Apple Watch is light years ahead of any other smartwatch on the market, but consumer application may be limited initially until developers begin to