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More about the Apple gold watch, and how much gold Apple might have to buy to make it

Posted By: MrFusion
Date: Friday, 6-Mar-2015 14:06:39
www.rumormill.news/12292

In Response To: Very unlikely: The entire Apple Watch will probably be about two ounces, and only the high end ones are gold (MrFusion)

More information is available on the Apple Watch, and specifically the gold-cased version which Watchman first posted about. Unfortunately, until the official unveiling of the watch by Apple on Monday, we only have "estimates" from "experts":

The rather sketchy estimates are:

  • 5 to 6 million watches have been ordered by Apple
  • one-sixth (i.e. up to 1 million) will be the gold edition
  • the gold edition will cost ca. $4,000 to $10,000
  • The gold edition will contain about 2 ounces of gold.

  • Remember those all estimates that do not come from Apple.

    I personally have trouble believing that they will make, or be able to sell, 1 million of the gold edition per year. But let's say they do. That would be 60 million grams of gold (2 million ounces), or 60 metric tons. That is a lot less than the 746 tons of gold which one estimate has Apple needing per year. That latter number would represent 12 million of the 18K gold edition, with a total sales price of 50 to 120 billion dollars. Well, if they could move that much high-end product, then they will indeed be changing the dynamic of the gold market, and more power to them! The trouble is, Apple almost never releases volume figures of this type, so we'll probably never know for sure how many of the 18K watches they make or are able to move.

    We will find out more on Monday. At least we'll find out the price, but I don't know if the specs will include, for example, how much gold is actually in each gold watch. And Apple almost never releases volume figures of this type, so we'll probably never know for sure how many of the 18K watches they make or are able to move.

    Source article:
    Apple: Gold's next big buyer?
    Jenny Cosgrave - March 6 2015
    http://www.cnbc.com/id/102483867#.




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    Articles In This Thread

    Absurd: Apple To Use 30% Of The World's Annual Gold Mining Output To Build It's Apple Watch
    Watchman -- Saturday, 28-Feb-2015 17:56:46
    Very unlikely: The entire Apple Watch will probably be about two ounces, and only the high end ones are gold
    MrFusion -- Sunday, 1-Mar-2015 01:25:08
    More about the Apple gold watch, and how much gold Apple might have to buy to make it
    MrFusion -- Friday, 6-Mar-2015 14:06:39

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