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Apple Watch's downfall? Rich women, research analyst says

Shopper looking at an Apple Watch
Toru Hanai | Reuters
Shopper looking at an Apple Watch

A top research analyst posed an interesting theory as to why Apple Watch sales may fall short of expectations this year.

Before that disappointment comes, investors should sell shares of Apple, according to Paul Hickey of Bespoke Investment Research.

Here's the surprising finding based on his firm's consumer survey.