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Why Apple Watch is the Only Smartwatch That Matters

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Why Apple Watch is the Only Smartwatch That Matters

Why Apple Watch is the Only Smartwatch That Matters

Apple’s business model has famously focused on proprietary ecosystems to maintain maximum control over how a product is designed and marketed to consumers. When the company whiffs on a design, it can lead to one of their many product flops.

However, when Apple hits the nail on the head, it can be a game-changer.

Before the launch of the Apple Watch, there was much debate among analysts as to whether it would even move the needle on revenues for such a massive company. Many took the position that although it would be big, that sales of the Apple Watch would not compare to other devices.

Slice Intelligence, a company that data mines email receipts, so far estimates that Apple Watch sales as of mid-June were about 2.79 million. Further, about 17% of shoppers bought more than one high-margin band for the watch. Business Insider notes that the second-most popular second band is the more luxurious Milanese Loop, which sells for a lofty $149 and costs Apple just a fraction.

The above infographic shows that it took 74 and 24 days to sell the first 1 million iPhone and iPad units. Meanwhile, it only took one day for Apple Watches to reach the same milestone. That’s more sales in one day than Android Wear did in the whole of 2014.

Tim Cook said in an interview with Fast Company that the Apple Watch is the first smartwatch that matters. Based on initial sales numbers, this appears to be true. Android’s diversity of hardware makers and fragmented ecosystem has its advantages, but when it comes to entering a new category sometimes it is better to swing for a home run.

What is less clear, however, is whether the Apple Watch will ultimately have a big enough impact to provide a catalyst to the company’s stock price. As of now, $AAPL is still hovering around a $715 billion market capitalization, which is still falling short of the technology company’s quest to hit $1 trillion in value.

Enjoyed this infographic? Check out 37 Surprising Facts About Apple.

Original graphic by: MobileSiri

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Technology

Visualizing Internet Usage by Global Region

In this infographic, we map out internet usage by global region based on the latest data from the World Bank.

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Map showing internet usage by region.

Visualizing Internet Usage by Global Region

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

Digital technologies have become an integral part of our daily lives, transforming communications, business, health, education, and more. Yet, billions of people around the world are still offline, and digital advancement has been uneven.

Here, we map internet usage by region based on data from the World Bank’s Digital Progress and Trends Report 2023.

Digitalization Has Been Uneven

According to the World Bank, between 2018 and 2022, the world gained 1.5 billion new internet users.

In 2020 alone, the share of the global population using the internet increased by 6% (500 million people), marking the highest jump in history. India, in particular, has seen high rates of adoption. For example, in 2018, only 20% of Indians used the internet. By 2022, this percentage had grown to more than 50%.

RegionIndividuals using the internet (% of population)
East Asia & Pacific74
Europe & Central Asia87
Latin America & the Caribbean76
Middle East & North Africa77
North America92
South Asia42
Sub-Saharan Africa34

However, the progress of digitalization has been uneven both within and across countries.

In 2022, one-third of the global population remained offline, with parts of Asia and Africa still experiencing very low rates of internet usage. For instance, more than half of businesses in Burkina Faso, Ethiopia, Ghana, and Senegal reportedly lack internet connection.

According to the World Bank’s report, when fast internet becomes available, the probability of an individual being employed increases by up to 13%, and total employment per firm increases by up to 22%. Moreover, firm exports nearly quadruple with the availability of fast internet. Across Africa, 3G coverage has been associated with a reduction in extreme poverty, with reductions of 10% seen in Senegal and 4.3% in Nigeria.

Curious to learn more about the internet? Check out this animated chart that shows the most popular web browsers since 1994.

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