Tomorrow is March 9th, and that means that we will get the formal Apple announcement of the Apple Watch. As always, I’ll be live tweeting the announcement, but I wanted to make a couple of predictions here about pricing, mostly because I think they are going to surprise everyone.
All that Apple has said thus far about pricing is the quote from the initial announcement of the product that “Apple Watch will start at $350”. There are three tiers of the watch, each made of different materials: Apple Watch Sport, which is aluminum and glass; Apple Watch, which is stainless steel and sapphire; and Apple Watch Edition, which is 18K Gold and sapphire. The assumption from pretty much everyone is that the Sport edition is the entry level, due to the less expensive material construction.
And I think that’s probably right, that the Sport will be the lowest priced model. But I don’t think that the lowest price will be $350.
My guess, which I admit is a huge stretch and will probably end with me making a massive retraction after the announcement, is that the Apple Watch, the stainless construction one, will start at $350, because that’s exactly what Tim Cook said. They don’t accidentally say things at Apple. I’m guessing that the stainless version will start at $350, with upsell on the various types of bands. I’m betting that the Milanese loop will be an extra $100, and the metal clasp band will be at least $150.
As a result, I think that the Sport will be cheaper, maybe in the $250 range. Cheaper materials, rubber (excuse me, elastopolymer) bands, and I think they could get away with a $200-250 price and still be making their legendary profits.
I’m probably wrong. They are probably going to have the stainless versions starting at $499. But they’ve done this sort of thing before. With the launch of the iPad, there were rumors of a $1000 price point, and then they announced a starting price of $499 at launch. But if Cook stands on the stage tomorrow and says “You know, I told you that the Apple Watch started at $349, and it does, but the Sport is going to be only $249” I will not be surprised in the least.
On the other hand, the Apple Watch Edition, with it’s 18K solid gold (even if Apple did find a way to make gold with less gold), is gonna be thousands. I wouldn’t be surprised in the least if it was $10K.
So am I gonna buy one? I’m probably 75% in the “yes” column, but a lot hinges on the pricing. If I do, I don’t want the Sport edition, I definitely want the stainless…I mean, it’s gorgeous. I am sort of in love with the stainless with Milanese loop.
But I also can’t really see paying the prices that some bloggers have guessed for that combination. I suppose we will find out tomorrow.