While the bulk of Apple’s revenue still comes from the iPhone, revenue derived from the company’s suite of services and its burgeoning wearables division has increased dramatically over the past few years. Put simply, Apple has done an impressive job of diversifying its revenue stream so that its success from quarter to quarter no longer hinges exclusively on how quickly consumers flock to new iPhone models.
As it stands now, Apple’s wearables division — which includes the Apple Watch, Beats, and AirPods — accounts for about 10% of Apple’s quarterly revenue. That figure, though, is poised to increase dramatically as Apple Watch and AirPods sales are growing at a tremendous, if not unprecedented, clip.
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Apple Watch and AirPods sales are growing like crazy originally appeared on BGR.com on Mon, 9 Dec 2019 at 21:09:48 EDT. Please see our terms for use of feeds.
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