Fake Apple (AAPL) Watches Begin Rolling Out in China
Get Alerts AAPL Hot Sheet
Price: $308.63 +4.84%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +20.4%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 0.4%
EPS Growth %: +20.4%
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Just as Apple (Nasdaq: AAPL) debuted its Apple Watch this week, knock-offs are already appearing in China.
According to market reports, most of the fake Apple Watches are going for $40 to $80 each and share similar design cues as the original. Websites such as Alibaba's (NYSE: BABA) Taobao are offering the items.
Apple won't begin selling the Apple Watch in China until April 10th. Prices should start around $349, meaning the faux watches could cost just 11.5 percent of the original price.
Shares of Apple are positive in early trading Wednesday.
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