President Donald Trump said Monday he's in no rush to respond to a coordinated attack that hit Saudi Arabia's oil industry over the weekend.Marketsread more
The price of oil could go sharply higher, depending on the duration of the disruption at Saudi oil facilities and whether there is a military response.Powering the Futureread more
Energy stocks, one of the worst-performing sectors this year, spiked Monday after an attack on Saudi Arabia's heart of oil production Saturday sent oil prices soaring.Marketsread more
The Saudi-led military coalition battling Yemen's Houthi movement said on Monday that the attack on Saudi oil plants was carried out by Iranian weapons and did not originate...Oilread more
"The United States military, with our interagency team, is working with our partners to address this unprecedented attack and defend the international rules-based order that...Politicsread more
Crude oil's spike following attacks on Saudi Arabia's energy supply has experts weighing whether or not the gains will last.ETF Edgeread more
Traders in the fed funds futures market on Monday were pricing in a 34% chance that the Fed will stay put on rates.The Fedread more
Gas prices could rise by about 20 cents per gallon "starting tomorrow," oil analyst Andy Lipow says Monday.Oil and Gasread more
Some operators are cashing in on the CBD craze by substituting cheap and illegal synthetic marijuana for natural CBD in vapes and edibles such as gummy bears, an AP...Health and Scienceread more
Attack on Saudi oil facilities shows that 'risk is real', Chevron CEO Michael Wirth said on CNBC's "Closing Bell" Monday.Marketsread more
J.P. Morgan's chief quant says oil prices would start to hurt stock prices when they hit the $80 to $85 range.Market Insiderread more
If you're trying to get your hands on the Apple Watch, you're not the only one.
Apple says that initial demand for the watch is expected to blow past available supplies. What's more, there are now questions as to whether the watch will even be available for mass distribution by the original anticipated April 24 roll out date.
There has been no shortage of bullish commentary associated with Apple's entry into the wearables market. According to analysts at Strategy Analytics, Apple will ship around 15 million units globally in 2015. It says that Apple will garner more than half of global marketshare for smartwatches this year.
Analysts at Morgan Stanley have also been more bullish on wearables overall, thanks in large part to the positive reception for the Apple Watch. A consumer survey that Morgan Stanley conducted in early March showed that many more Americans are using wearable devices, and that one-third of respondents plan on purchasing one in the future.
The prevailing view among industry analysts and product experts is that the Apple Watch will not only be a hit among consumers but it will also lift the tide for the entire wearables industry, possibly allowing other competitors to benefit from the rising tide. However, that doesn't mean there aren't hurdles to overcome. One concern is converting current wearable users to Apple's offering. They may already be using products such as a Fitbit, a Nike Fuelband or a Jawbone Up band. How many wearables users plan to use more than one device at a time?
Next, pricing will be key. Many of the other products on the market are priced significantly below the lowest end Apple offering of $349. While premium pricing hasn't hindered Apple in the past, there aren't many consumers that consider a smartwatch as critical to their daily lives as they do a smartphone. Will consumers pay up for a premium, discretionary product that may not be used to its fullest potential.
And then, there's the increasing competition that will inevitably come from other companies. How much of a lead can Apple build before a slew of other products compete for market share?
As robust as all the predictions are, investors are still laser-focused on Apple's bread and butter: the iPhone. According to the company, it sold a record 74.5 million iPhones in the final quarter of 2014, and some estimates have around two-thirds of the company's total revenues tied to it.
So, as the wave of consumer interest in the Apple Watch reveals itself in the coming months, many will pay less attention to it, and stay trained on iPhone sales momentum. Then again, in order to use the Apple Watch fully, you'll need at least an iPhone 5 or newer version. Whether Apple Watch adoption can help drive iPhone sales remains to be seen.