Apple Watch breaks new ground with record revenue in Q1 2017

Apple’s Watch wearable was popular this holiday season, confirmed CEO Tim Cook during the company’s Q1 2017 earnings conference call. Cook said that demand for the Apple Watch was “so strong” that Apple “couldn’t make enough” of the wearable during the end-of-the-year gift-giving months. Apple doesn’t break out Watch sales in its earnings report, but Cook did confirm the Apple Watch set all time unit and revenue records in the quarter.

The Apple Watch may have performed strongly in the just ending quarter, but the overall “Other” products category was down eight percent year over year. Much of this decline was due to slumping sales of the Apple TV, which fell year over year. This “Other” products unit includes the iPod, Apple-branded accessories, and Beats products in addition to the watch. Revenue in this category dropped to $4.02 billion down from $4.35 billion in the same quarter last year.

Though the company lagged in the “Other” category, the company performed well in other areas with record revenue reported in the iPhone, Mac, and Services group.


Like this post? Share it!