I'm sorry, are you calling the Apple Watch, a $70 billion annual revenue sector of their business a failure?
It's hard to tell at this point if this will be a success - even with their financing options, $3500 is a big price, especially a first gen product.
They have definitely taken an existing market (Oculus - that has sold as much as modern consoles) and ramped up the quality of it, while polishing the UI/UX.
I am very excited to see where this goes in 3 years.
e: I guess eventual success isn't quite failure - but I dont think I would frame it the way you did, even with the slight stumbles.
> are you calling the Apple Watch, a $70 billion annual revenue sector of their business a failure?
First, where did you get $70 billion from? I see estimates of 40M Apple Watches sold per year. It starts at $249. I imagine the average selling price is pretty close to that. Let's assume $300. So that's a $12 billion business?
And no, I didn't call it a "failure". I called it a niche, which it is. To compare Apple sold 225M iPhones (at a significantly higher ASP) in 2022.
It's hard to tell at this point if this will be a success - even with their financing options, $3500 is a big price, especially a first gen product.
They have definitely taken an existing market (Oculus - that has sold as much as modern consoles) and ramped up the quality of it, while polishing the UI/UX.
I am very excited to see where this goes in 3 years.
e: I guess eventual success isn't quite failure - but I dont think I would frame it the way you did, even with the slight stumbles.