Apple Inc. (NASDAQ:AAPL) Sold More Than 1 Million Apple Watches In China, Says Talkingdata

Apple Inc. (NASDAQ:AAPL) has thus far sold more than 1 million units of its Apple Watch in China, according to a Chinese mobile app monitoring firm TalkingData. The data supplied by TalkingData also shows uptake of the wearable has almost flattened in China after an initial excitement soon after launch. Previously, UBS analyst, Steven Milunovich, also said that interest in Apple Watch was cooling after studying some Internet trends.

Apple Inc. (NASDAQ:AAPL) is not letting the world know exactly how many units of Apple Watch it has sold since launch. However, analysts and research firms have kept giving their estimates of what they think about the progress of the wearable. TalkingData is one of those research firms that think they know a thing about the trend of Apple Watch. The Chinese mobile app tracker said it looked into its data and established that at least 1.07 million units of Apple Watch have been sold in China so far.

WeChat is an indicator

TalkingData tracks more than 80,000 mobile apps in China, including the popular WeChat that boasts more than 1 billion registered subscribers and over 549 million active users every month. Given the popularity of WeChat in China, the chat app is an important indicator of the performance of mobile apps in China.

Therefore, after studying what people do with their Apple Watch, such as messaging and checking alerts, TalkingData is convinced that users of Apple Watch in China also use WeChat. That led the firm to conclude that 1.07 million Apple Watches are in active use in China.

Business in China just fine

From Apple Inc. (NASDAQ:AAPL), the CEO, Tim Cook, earlier said that the progress of Apple Watch on the market was positively overwhelming. The remark was made shortly after Apple Watch entered market. Recently, Cook said that doing business in China was just fine for the company despite the economic challenges in the market. Perhaps that should mean that uptake of iPhone, iPad and Apple Watch has not been disrupted in China.

Interest in Apple Watch cooling

After assessing some Internet trends, Milunovich of UBS seemed to be worried about the progress of Apple Watch. He noted that consumers were no longer interested in the wearable as they were at launch.

Neha Gupta

Neha Gupta has been in the financial space for over six years now. Gupta earned her MBA degree from Symbiosis Centre of Distance Learning in 2009 and her passion for finance led her to pursue Chartered Financial Analyst (CFA) course. She has successfully completed Level II of her CFA. She is a veteran in article writing, which is depicted in her numerous pieces published on SeekingAlpha, Nextiphonenews, InsiderMonkey, MarketWatch, and Techinsider. Her crisp and eloquent writing finds its best place in Researchcows, where emphasis is given on developing rich content for various websites, products, business plans, trainings, and book writing.

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