Apple CEO Tim Cook confirmed that the Apple Watch sales have nearly doubled over the past year thereby making the wearable business one of the Company’s fastest growing segment. While the exact figures are still in the dark, Cook added that the revenue for Apple’s wearables – the Apple Watch, Beats headphones, and AirPods in the last year was “the size of a Fortune 500 company”. Assuming that the smallest Fortune 500 company pulled in $5.1 billion in revenue last year, Apple’s achievement in wearables is no mean feat.
So far, the company has not revealed the sales numbers for the Watch, as it does for its iPhone and iPad, and has instead bundled the wearable device into its “other devices” category which includes Beats products, AirPods, Apple TV, and accessory sales.
When quizzed upon smartwatch competition, Cook added that engineering “is hard” when compared building a smartwatch to building a phone. “I’m not very surprised that some people are falling out of it, but we are very committed to it and believe it is a big business and feel that over time it will be larger, said Cook.” Also, while quoting the future, Cook said that the company has a really great pipeline when it comes to the smartwatch segment but refused to elaborate any further.
[Via: The Verge]