Even though Apple Inc. has rarely managed to wow us with its innovation, Apple earnings have exceeded the earning of Rolex by $1.5 billion in 2015, by manufacturing the Apple Watch in 2015.
The strong bonding with the customers of Apple Inc. has resulted in tremendous sales for the company, causing its competitors to become highly envious of their success.
Ever wondered about the extent to which Apple Watch has managed to affect the market? The success rate of Apple has been promising enough to generate $1.5billion dollars more than that of Rolex in the same year (2015).
Furthermore, the sales have exceeded by one-fourth of all the Swiss watches exported altogether in various parts of the world!
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Moreover, Apple Watch has managed to generate $6 billion dollars profit in its first year, as stated in a recent post by a Wall Street Journal article; whereas, Rolex made only $4.5 billion during the same year.
This significant difference in profit levels may not portray the cause behind this massive difference if the considerable profit margin is not taken into consideration. The Apple Watch may possess a greater profit scale compared to all other products the company has to deliver resulting in an unfavorable means of comparing factors for the two.
Nevertheless, the company’s massive sales also prove that its products do not entirely flop, and there are many consumers that are willing to pay large sums of money to get their hands on them.