Nice peeler , tales !
I've seen quite a few of the 'more modern' types that do take a bit of getting used to .... my experience with them (as cogar said , sharp cutters count alot) is varied .
They can be a great time-saver , if they're/it is not prone to malfunction (such as coring the apple while trying to peel it & etc.) .
The cheapo replicas are not worth trying (China manufactured) , IMO .
Hope yours works well , frogpatch !!!