AppleInsider:
Apple is criticized for making much of its revenues from one hit product: iPhone. However, its newest foray into Wearables has not only become its fastest-growing revenue source behind iPhone, but is also larger and growing more rapidly than other top tech firms’ hyped future growth segments, such as Amazon’s ads business, Google’s Cloud and Alphabet’s Other Bets.
Apple Watch has also consistently reached 50 percent growth in both units and revenue for the fourth consecutive quarter, highlighting a solid base of demand for the company’s highly personal, ultra mobile and super integrated Wearables.
All those stories about “Apple Watch isn’t selling” can stop now. While I still don’t like the fact Apple hasn’t announced sales figures for the Apple Watch (a la Amazon and the Echo and Kindle), Ben Bajarin said on Twitter:
Working on updating my smartwatch market/sales model and it is at the point where it isn’t really worth updating any numbers but Apple Watch. Apple has ~75% of the wearables market (not just smartwatches).
Wow.
My takeaway from the quarterly results: any slice of their pie is a monstrous standalone business. And the combination is ridiculous.
Pundits and analysts are splitting hairs about whether it’s crazy ridiculous or mind numbing ridiculous.
Which is ridiculous.
And analysts and consultants are splitting hairs about whether Apple’s increasing share in almost any category is threatened by that entire category’s worldwide contraction.
I’ll be 68 later this month, and I’m really relishing being alive in this day and age.
I’ve dreamt most of my life of someday owning an exotic car like a Ferrari or a Rolls-Royce, and owning a high-end watch like a Rolex or Tag-Huer.
But now, since the announcement of Tesla’s 2nd-gen Roadster, those traditional dream cars are suddenly passé and/or “old.” And since the Apple Watch, ALL the traditional dream watches are also passé and relics of a primitive mechanical age.
I’m sure most Apple Watch customers realize that, too, which accounts for Apple’s impressive sales.
I love my recently acquired Series 3 with cellular as well as all of its features and functionality. It’s truly changed my life in many ways that a Rolex was never meant to.
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Sadly, critics don’t look up at the scoreboard.
I really hope I can be as tech savvy as you when I’m at your age.
There will be an electric Ferrari, but if I could I would buy a Lamborghini, electric or not.
The problem is that everyone compares everything to the iPhone.
Nothing beats the iPhone.
New Apple products don’t have to even come close to the iPhone to be successful.