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2 years agoDid you click the link?
Apple classifies a product as technologically obsolete once more than seven years have passed since the company stopped distributing it for sale. The original Apple Watch was discontinued in September 2016 … so the first-generation models recently crossed that seven-year mark.
These devices haven’t been sold in 7 years.
It’s like gas prices early in the pandemic, but not quite as bad.
They grossly overproduced, sat on a stockpile that couldn’t sell which costs them a ton and had to sell them for nothing. There’s nowhere for the price to go but up.