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apple watch estimates +2

A subscriber asks:
Does the updated estimate of 6M watch shipments for the launch move the needle for you at all?

The answer is "barely".  Even if the rumor is true, and we assume the same price per part:

5.5M watches × $0.85 per part × 17% margin = $0.795M / 92.3M share = 0.0086 EPS

I do think InvenSense may get a microphone win besides, but Apple likes drive a hard bargain, toot its own horn, and do its own software, which is why the latest phones are a such kludges with the dual gyros.  So the extent and public characterization of the "besides" may still be very hard to judge even after the Watch has been torn down.