2024 Apple Watch Expected to Lack Significant Innovations:
Apple analyst Ming-Chi Kuo suggests that the 2024 Apple Watch is unlikely to bring significant innovative features and will not incorporate a micro-LED display. Kuo noted in a Medium post on Tuesday that the highly anticipated blood glucose monitoring feature may not materialize until 2025, indicating a delay of at least two years for these additions to the Apple Watch.
Additionally, Kuo anticipates a decline of approximately 15 percent in Apple Watch shipments for this year, projecting a range of 36-38 million units. He mentions that the Apple Watch’s success has been driven by repositioning in the past and may require further adjustments if there is another year-over-year decline in 2024.
Kuo suggests that integrating Vision Pro headsets with the Apple Watch could create a groundbreaking health management experience that could boost the shipment momentum for both products.
On a separate note, Apple’s 3nm chipsets, which have recently entered the market with the Apple A17 Pro, are expected to experience reduced demand in 2024. Kuo predicts that the demand for this emerging technology may be weak next year, causing major players to scale back.
This reduced demand for 3nm chips is expected to lead to Apple decreasing its chip orders next year, resulting in a 20 to 30 percent reduction in EUV equipment shipments for the Netherlands-based semiconductor company ASML.
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