Apple says products like the Apple Watch and Airpods are doing so well, its wearables business is as big as a Fortune 200 company

On the company's earnings call, CEO Tim Cook said Apple's wearables business is now the size of a Fortune 200 company, which he described as an"amazing" statistic given that the Apple Watch is only four years old.

It's important to keep in mind that this category doesn't just include wearables like the Apple Watch and AirPods, but also other devices like the HomePod and iPhone accessories. That means it's unclear exactly how much revenue Apple generated from wearables alone. Product categories like the wearables and services are increasingly important for Apple as it looks for ways to generate revenue beyond iPhone sales. Although Wall Street was happy with Apple's second quarter iPhone results after it surpassed expectations with $31.1 billion in revenue, that number still represents a decline from the $37.7 billion in iPhone revenue Apple reported in the year-ago quarter.

United States United States Latest News, United States United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Apple earnings: Watch for Apple to reveal how many iPhone billions it plans to put in investor pocketsInvestors will soon receive an update on Apple Inc.’s plans for its massive pile of cash, but don’t expect anything out of the ordinary. a mortgage company with a high growth PE and self-driving. Would it be wonderful if Apple used the unneeded cash for such things as helping the hungry and the needy! However, bet they will still just use a bit as a token and to say they contribute to charitable causes! Nobody’ll get anything. It’ll be re-invested. Apple
Source: MarketWatch - 🏆 3. / 97 Read more »

Apple Held Talks With Intel About Buying Its Smartphone-Modem Chip BusinessApple held talks with Intel about acquiring parts of its smartphone-modem chip business, a potential multibillion-dollar deal that would accelerate the iPhone maker’s efforts to develop wireless technology for its devices.
Source: WSJ - 🏆 98. / 63 Read more »