During Apple’s recent iPhone X keynote, CEO Tim Cook noted that Apple Watch has overtaken Rolex to become the biggest watchmaker in the world, although the company still refuses to reveal any actual sales numbers.
According to analysts at Asymco analyst Horace Dediu, Apple has likely sold around 15 million Watches in the past 12 months at an average price of around $330. Rolex, meanwhile, produces around 1 million watches a year, with average cost per watch being in the region of $4,700. Added up, that makes the Apple Watch revenue run rate $4.9 billion, compared to Rolex’s $4.7 billion.
Not bad for a device that’s been around only a couple of years, taking on a business that started in 1905!