The jury is out on the Apple iWatch

Barnum and Bailey - Wikimedia CommonsConflicting reports from financial analysts suggest that Apple’s iWatch is  not doing too well and it’s doing very well indeed, thank you very much.

KGI thinks there’s weak demand for the Apple iWatch – with the company expected to ship five to six million watches in the third quarter of this year.

But, on the other hand, Morgan Stanley financial analysts think Apple will sell 36 million units by the end of this year because of very strong demand for the rather expensive gizmo, particularly in America.

It appears that as Barnum said, there’s one born every minute and of course we should not put too much faith in financial analysts. They wear far more expensive suits than the more sober industry analysts.

And industry analysts, although funded by megavendors, don’t have quite as much an axe to grind.

Who needs a wrist watch when you’ve got a phone?

Apple’s share price (NASDAQ: AAPL) is wavering around the $130 mark. With a market capitalisation of around $749.2 billion dollars, we doubt CEO Tim Cook is sweating too much.