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2020 Sales = 22.6 million (12% growth rate)
25.3 million 2021 and 28.3 million 2022
10% of 25.3 mil = 2,530,000 million
2021
2022
10% of 28.3 mil = 2,830,000 million
.65(2,530,000) = 1,644,500($400) = $657,800,000
$1,393,600,000
.65(2,830,000) = 1,839,500($400) = $735,800,000
.45(2,530,000) = 885,500($500) = $442,750,000
$938,000,000
.45(2,830,000) = 990,500($500) = $495,250,000
For Verizon/AT&T, the revenue would be
$657 million and $735 million for 2021 and 2022 respectively
Verizon and AT&T have clear market advantages that would be better for reaching the $1 billion revenue goal in the United States
For other carries, the revenue would be $442 million and $495 million for 2021 and 2022 respectively
Although the others hold a larger customer
size, the market size for DEAN within these
companies is smaller
$1,393,000,000 for V/AT&t
$938,000,000 for Others
According to Statista, smart watch device sales in the US had growth rate of 12% from 2019 to 2020
Assuming launch in 2021, unit sales would
25.3 million and 28.3 million in 2022
LCTech only makes up 10% of market
65% sales belong to Verizon/AT&T while
35% are the other carriers
1 unit sale = 1 customer