Gold Digger: Apple Watch may use 30% of global gold supply

According to a report complied by long-running Apple site TidBits the upcoming Apple Watch may use as much as 30 percent of  global gold supplies.

Admittedly the figures are based on several assumptions, such as sales expectations, but they roughly estimate that Apple may end up using around 746 metric tonnes of gold throughout the next year.

This figure is based on Wall Street Journal projections that Apple will produce one million ‘Edition’ watches every month.

The report gives an estimate that some 2,500 metric tonnes of gold are mined annually.

Apple orders 6 million watches for first quarter

A recent report at the Wall Street Journal (WSJ) claims that Apple has requested between five and six million Apple Watch devices from their Asian supply chain ahead of April’s Apple Watch launch.

The WSJ article claims that this inventory, manufactured by Quanta Computer Inc, will be made up of the three Apple Watch variants, the Apple Watch, Apple Watch Sport and pricey Apple Watch Edition.

The quoted six million figure is said to be for the Apple Watch’s entire first quarter on sale — a number which seems just a little conservative to me.