“Apple CEO Tim Cook provided a bit of color on the company’s wearables business during Tuesday’s shareholders meeting, saying combined Apple Watch, AirPods and Beats headphones revenue is nearing that of a Fortune 300 company,” AppleInsider reports. “‘I’m not a big fan of that word,’ Cook said, referring to the term ‘wearables.’ Whatever Cook wants to call it, sales of Apple Watch, AirPods and Beats are growing. Thought to be leading the charge, at least in terms of revenue, is the premium priced Apple Watch.”
“Apple has dominated the smartwatch industry since the first Apple Watch debuted in 2015. Driven by strong demand for Apple Watch Series 3, Apple Watch saw its best quarter ever in the recently ended first fiscal quarter of 2018, exhibiting 50 percent sales growth year-over-year,” AppleInsider reports. “Over the same period, estimates from market analyst Canalys had Apple ship more Watch units than the entire Swiss watch industry, a first for any smartwatch maker.”
Beyond Watch,” AppleInsider reports, “AirPods remain a hot seller and is consistently out of stock on Apple’s online storefront.”
Read more in the full article here.
MacDailyNews Take: The 300th biggest company on the Fortune 500 is Alcoa with $9.318 billion in fiscal year revenue.
SEE ALSO:
Apple’s line of smartwatches outsold the entire Swiss watch industry last quarter – February 12, 2018
Apple Watch sets new all-time record for wearables shipments; ‘Apple has won the wearables game’ – analyst – February 7, 2018
Apple Watch sales momentum is growing; unit sales now rival those of Macintosh – January 23, 2018
IDC: Shipments of wearables to nearly double by 2021 as smartwatches take the lead over cheap fitness bands – December 22, 2017
Apple Watch has blood on its hands: Adidas’ fitness wearables are dead – December 19, 2017
Apple Watch Series 3 shipments predicted to rise to 23-25 million in 2018 – December 14, 2017
Apple Watch: The war for wearables is over, and Apple won – December 12, 2017
[Thanks to MacDailyNews Reader “Dan K.” for the heads up.]