Price too high, analysts say Apple's 1.99-inch Apple Watch Series 8 expected to ship only 1 million units in Q3

Apple's Apple Watch Series 8 with the larger 1.99-inch display is expected to sell in relatively low volumes, which may indicate a higher retail price, said display analyst Ross Young.

Young explained that production of the larger-screen Apple Watch Series 8 model is expected to be relatively low this year, reflecting its projected sales.

Apple expects to ship just 1 million units of the larger Apple Watch Series 8 in Q3 this year, compared with 4 million units of the 45mm "Apple Watch Series 8" model, the analyst said. This suggests that the higher price point may be affecting sales of the 1.99-inch version of the Apple Watch.

Recently, Bloomberg reporter Mark Gurman broke the news that Apple's new Apple Watch will be available as a Pro model, priced between $900 (about $6057) and $999 (about $6,723.27). In addition to a slightly larger display, the device is expected to offer better durability and longer battery life.