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Cost: 62 grams @ $38,735 per kg of gold is $2,401 Volume: At 2,767 ton mined 2013 this equated to 44.6 million watches sold in a year to take a third of produc
by Gustomaximus 12y ago
Cost: 62 grams @ $38,735 per kg of gold is $2,401
Volume: At 2,767 ton mined 2013 this equated to 44.6 million watches sold in a year to take a third of production. This vs. around 170 million iPhones sold in 2014. Guessing twice as many have iphones this is about a 15% take-up + a growing market.
Volume wise, Apple could easily sell this many watches if it's really good. But a gold version that's going to cost $2,401 in gold alone, plus if Apple did buy this much gold the price is sure to increase. So we would have to be talking a $3,000+ watch that needs replacing every 2 years...hmm I'm skeptical about this.