500 Startups has unveiled its fourteenth batch of companies going through its accelerator. While Y Combinator is starting to roll out its own class in an upcoming Demo Day, a new one from 500 Startups is emerging — and increasingly, so is the race to be the earliest to invest in companies. Of course, that means that accelerators like 500 Startups — which has a portfolio of more… Read More
We’re all curious about how many Apple Watches Apple has sold, but with the company opting not to break out its Apple Watch sales numbers, all we have to go on are analyst guesses, information distilled from third-party sources, and tidbits of data that Apple has provided.
The latest data that hints at how the Apple Watch has fared comes from The Wall Street Journal, citing shipment information provided by analyst Mark Li from Taiwan’s Advanced Semiconductor Engineering Inc. (ASE) most recent earnings call. ASE is the company that builds the S1 package housing the many chips and sensors used in the Apple Watch.
An ASE subsidiary reportedly failed to meet its “break-even volume” of two million units shipped per month during the second quarter and does not believe it will meet that target in the third quarter, either. The company’s failure to meet this target suggests the Apple Watch “is not selling nearly as well as some analysts expected,” says The Wall Street Journal.
“The shortfall of Apple Watch is a disappointment,” Mr. Li wrote in a note to clients. “We came in with a low expectation but below break-even still surprised us.”
In an interview, Mr. Li said it is unusual for a company like ASE not to reach break-even volume during a typically busy period like the third quarter, especially when dealing with a new product.
He said that he now expects ASE to fall short of his forecast of shipping 18 million units this year, peaking in June.
Ahead of Apple’s recent earnings call, analyst estimates of Apple Watch sales during its first quarter of availability ranged from 2.85 million to 5.7 million, averaging out to 4.07 million. After the call, many analysts adjusted their estimates, with the consensus largely changing to between 2.2 and 3 million units sold. Estimates continue to vary, however, with Strategy Analytics suggesting Apple sold 4 million units in a recent report.
During the call Apple CEO Tim Cook said Apple Watch sales “exceeded [Apple’s] expectations,” despite supply continuing to trail demand at the end of the quarter. “We feel really great about how we did,” he said. Apple CFO Luca Maestri hinted current revenue from the Apple Watch was “well over” $952 million, but he also did not provide insight into sales.
In the past, Tim Cook has warned against attempting to infer information from single data points from the company’s supply chain due to its complexity.
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There has been a rise in the number of people gong missing at the hand of the security services in Egypt, according to human rights activists in the country.
It’s time for CrunchWeek again!
What a week it was.
The Twitter soap opera continues with earnings, no new CEO, hashtags and more. Uber keeps raising money until we lose count. Ouya gets put out of its misery bought.
As Alex would say: It’s Friday, it’s CrunchWeek, it’s time to throw down and talk some smack. Read More
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