Apple sold $6 billion worth of AirPods this year and should sell more than double that next year, according to Toni Sacconaghi of Bernstein.
Growth could decelerate in 2021 as many iPhone users will have already purchased AirPods, Sacconaghi says.A man shows AirPods Pro at an Apple store on East Nanjing Road on October 30, 2019 in Shanghai, China. Apple's new AirPods Pro with active noise cancellation are on sale on October 30 in China.'s AirPods nearly doubled to $6 billion this year and should take another leap forward next year, according to Toni Sacconaghi of Bernstein.
The analyst said in a note Friday that Apple could sell 85 million AirPods in 2020, generating about $15 billion in revenue. If sales of the wireless headphones grew at the same rate again in 2021, the product would become Apple's third largest business, Sacconaghi said. Sacconaghi, who has a market perform rating on Apple's stock, is consistently rated as the top investor for IT hardware and electronics manufacturing services by Institutional Investor magazine.
I’m amazed Toni still has a job.
$AAPL $263 billion revenue in 2018. $AAPL $266 billion revenue in 2019. Stock up +87% in 2019. Makes no sense.
What about iPhone growth? Oh yeah, sweep that one under the rug right.
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