Don't bet on the Apple Watch ... yet: Analyst

Attendees at a Apple special event at the Flint Center for the Performing Arts in September 2014 in Cupertino, California, view a video of the Apple Watch.
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Attendees at a Apple special event at the Flint Center for the Performing Arts in September 2014 in Cupertino, California, view a video of the Apple Watch.

Despite Apple's recent success, Steven Milunovich, an analyst at UBS, said Friday that investors should hold off on Apple Watch bets for now.