Analyst: Apple Watch selling worse than thought

The Apple Watch was supposed to be the next magical product from the gadget maker. Not so fast, says Andy Hargreaves of Pacific Crest in a note to clients. Hargreaves Tuesday cut his forecast for Apple Watch sales in the current fiscal year from 11 million to 10.5 million. That might not sound like much of a reduction, but he warns the bigger letdown will come next fiscal year due to “soft follow-on sales.”
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