The Apple Inc. kept all the details of its first wearable the Apple Watch in secrecy but the analysts estimates the prices of it being much high. The new Watch was unveiled last week at a huge event at the Flint Center in Cupertino, months before the actual timepiece that become available in the beginning of 2015.
Right from the announcement dates the Apple kept all the details in secrecy, with no specific release date, no price point for all the models, no battery life estimate and no information about all of its features.
However, there are some shocking revelations based on the materials that it is made from. According to the analyst the Apple Watch Sport model with aluminum/glass is estimated at $349 and the stainless steel/sapphire at $999 while the lowest possible price estimated for the heaviest among the Apple Watch Edition, the 18-karat gold/sapphire is $4,999.
The costly Apple Watch Edition is not “gold-styled”, nor is it “gold-colored” but a solid gold piece. The high cost materials used for the timepiece could exceed expenditure capacity of most, making it available as a luxury product.
Apple wanted to see its brand new wearable among the category of the traditional luxury smartwatches instead of competing Android wear smartwatch. This was the reason behind Apple not mentioning the word smartwatch, on its presentation and on its website, while describing its Apple Watch.
The prices of Apple Watch are comparatively less than the traditional watch makers like Rolex as against the $4,999 of Apple Watch an 18-karat gold Rolex Submariner Date would run at $34,250, and white gold comes in at $36,850.
With all these goods there is some question over the Watch. The reliability of traditional watches are historically accepted which often remains a family relic for decades. The Apple Watch may not compete once the technology inside it becomes outdated.