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The Apple Watch is tanking

I'm sure there are some Apple haters out there taking this news with a smirk. There are some new figures out for Apple Watch demand, and it doesn't look good. There are a few reasons why it's only going to get worse, and one big reason why it doesn't really matter.

According to a report released by Pacific Crest analyst Andy Hargreaves, there has been a sharp decline of interest in the Apple Watch and an increase in interest for the iPod. This is definitely not good news for Apple.

Apple decided to sever its ties with its iconic music player last year and focused most of its resources in launching the Apple Watch. It put all of its eggs in the Apple Watch basket and it's not paying off well for the company.

Luckily, the company does well enough with its other products, like the iPhone and MacBook, that a tanking watch doesn't really hurt overall sales.

"After strong initial demand, follow-on interest in Apple Watch appears mediocre," Hargreaves said in his report. He also warned that Apple will lose even more sales due to the fact the high-tech watch is coming off to its customers as more of a "calculator watch."

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