Apple’s wearables, residence tools and equipment category (previously often called the “other” category) introduced record revenue in the first fiscal quarter (fourth quarter) of 2021, reaching $13 billion, up from the identical interval final 12 months Of 10 billion US {dollars} and 25 cents cash.


The 30% development that this category noticed in the quarter was pushed by demand for Apple Watch. Mini HomePodAnd all AirPods Model, together with AirPods Max.

According to Apple CEO Tim Cook|All three subcategories of the wearables, residence and equipment classes have new revenue information, and Cook mentioned he’s “full of confidence in the future of these products.”

Apple’s chief monetary officer Luca Maestri (Luca Maestri) mentioned that Apple’s wearable enterprise has now reached the scale of a Fortune 120 firm. In specific, Apple Watch continues to increase its protection, 75% of the prospects who purchased Apple Watch this quarter are new customers of the product.

Maestri mentioned that due to the integration of Apple {hardware}, software program and providers, Apple is happy about the future of the wearable device category, which permits the firm to supply wonderful customer support.

However, trying forward, Apple expects that the demand for wearable units will decline from the first quarter, as a result of most of the enhance in this quarter is because of vacation gross sales.

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By R

A fulltime blogger, web designer, and artist