The watch, which has been touted as the next big thing in wearable tech, is on track to overtake Apple’s iPhone 5S as the best-selling wearable device, according to Nielsen’s latest wearable tracking data.
Apple sold 4.3 million iPhones in the quarter ending April 30, according the company’s third-quarter financial report, up from 3.9 million during the same period last year.
It sold 3.3 billion iPhones in 2015, up slightly from 2.8 billion in 2014.
The new watch’s sales are in line with predictions, which suggest Apple Watch is on the cusp of overtaking the iPhone 5s.
The wearable device has been sold out since January, but Apple has been selling it as fast as possible, allowing for an almost constant supply.
The watch is also the most popular product in Apple’s retail store, with a total of 1.3.
million Apple Watch models sold through March 31, according data from Kantar Retail, which tracks retail stores in the United States.
The watch is on pace to surpass the iPhone 6s in sales for the quarter, which began in March.
“The new Apple Watch and the iPhone are both going to take a lot of people out of the smartwatch business and into the traditional wearables market,” said Jason Kavanagh, senior analyst at Kantar.
“But the Apple Watch does have a huge opportunity to take over that market as well.
That’s not just because the watch has the hardware, but because the Apple watch is the only one of these that has the built-in health tracking capability.
And that’s a huge selling point for the watch.”
The biggest challenge for the Apple Watches popularity, though, is the price tag.
Apple launched the watch in the spring of 2015 at a price of $329.99.
Its first version, which was priced at $249.99, was a big disappointment.
But that was before it was clear that the watch was a hit.
In early March, the watch surpassed 1.5 million orders and surpassed 5 million preorders.
The price point was a bit of a surprise, as most wearable devices cost between $150 and $200.
And, to be fair, many of Apple’s competitors have higher-priced watches.
But Apple is positioning its Watch as a premium, something many consumers don’t have the luxury to shell out for.
“It is very difficult to say what the future of smartwatches is going to look like,” said Tim O’Brien, chief financial officer at IHS Technology, a retail consultancy.
“Apple has the potential to sell 5 million units a year.”
In the meantime, Apple Watch has been very popular among young people.
Sales for the iPhone have been on a downward trajectory, and the company has been trying to convince people that it’s a great way to get exercise, especially in the summer months.
Apple’s goal is to appeal to the broader millennial demographic, and its new product has done a good job of that.
Apple Watch has seen a surge in the number of orders, which suggests demand has not dropped.
And there are signs that it will take off.
The company is predicting that the new Apple Watche will sell about 5 million in its first year, and O’Connor expects that number to double.
“We have been seeing a huge spike in sales of the Apple Apple Watch,” he said.
“It’s been very impressive.”
Apple’s watch sales will likely increase over time, as the company sells more and more of its watches.
The market is expected to grow by 20% annually until 2019.
But, the growth may be slow in the short term.
It took just a few months for the company to ship all its watches in one shipment.
The next wave of the watch may arrive sooner, but the pace of it is expected be slower.
The first wave of Apple Watch orders were shipped to stores on April 10.
Apple is also expected to ship an additional 200,000 to 300,000 of the new models in the next two months.
But the sales numbers will be a long time coming, especially since Apple’s market share has been declining.
And while the company is looking to keep its lead in wearable technology, its sales will surely fall in the long run as the Apple Pay card becomes the new norm.