I have yet to see one guestimate that the Edition will be below $1000. An ounce of gold is still around $1200. A number of people Apple hired in the last couple years came from luxury retail/brands which makes me think they're taking a different approach with wearables. They don't need a sales VP from Tag Heuer to get Watch in a store like Best Buy. But maybe I'm way off base and the hires are just a head fake. Maybe Watch edition with its custom leather box and charging cradle will be sold anywhere an iPhone or iPad is sold.
1. It's a thin piece of gold, the amount of gold actually in there is going to be fairly low.
2. Apple's huge economies of scale will get them a slight reduction in the price of gold.
3. I think selling it as $999 would still be considered very expensive for what it is.