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The Apple Watch is taking another step on its path to eventual world domination

Jun 5, 2015, 00:49 IST

Apple announced on Thursday that the Apple Watch will come to retail stores in two weeks. Although the watch has been on display at Apple Stores since April, you could only order them online. Apple also said it will release the watch in 7 new countries, including Italy, Mexico, South Korea, and Spain, starting June 26.

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Today's announcement is the first step to bringing the Apple Watch to a broader market. And Apple has every reason to do so. According to BI Intelligence, Apple Watch shipments will grow at a compound annual growth rate of 24% over the next five years, reaching 45 million units by 2020. That's more than 35% of the 120 million-plus total smart watch shipments expected by 2020, according to BII.

BII forecasts Apple to ship 15 million Apple Watch devices in 2015. Apple has not disclosed any sales figures of its watch yet.

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