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Apple CEO Says the Apple Watch Alone Makes More Money than Netflix

Apple’s wearable trade is rising at a tempo that not even the company itself anticipated, and CEO Tim Cook says it’s nearly at the equivalent stage as a Fortune 300 company.

During the shareholders meeting on Tuesday, Cook talked about the wearable division, which contains the Apple Watch, AirPods, and the Beats headphones, posts increasing earnings every quarter, with the Apple Watch clearly the main catalyst for this enhance.

While Cook hasn’t outfitted any specifics, he did reward the quarterly effectivity of the Apple Watch, emphasizing that he’s “not a big fan of” the phrase wearables.

Without detailed data on the revenues of the wearable unit, we can greatest guess how a lot money Apple’s wearables generate by the use of merely looking at Netflix, the company that’s currently on place 314 in Fortune’s 500 greatest.

Netflix’s 2017 revenues totaled $eight,831 million, up 30.three% from the earlier 12 months, and $186.7 million profit, as soon as extra up 52.2%.

Apple Watch product sales estimates

While Apple doesn’t provide any product sales figures for the Apple Watch, CEO Tim Cook revealed in the Q1 2018 conference identify that the Apple Watch recorded its best-ever quarter, posting a 50 % growth normal. It recorded strong double-digit growth in every space, while the newly-launched Series three fashions posted double the product sales of the earlier period the 12 months sooner than.

Market analytics firm Canalys moreover outfitted us with a greater estimate at how the Apple Watch carried out in the remaining 12 months, revealing that product sales of the instrument superior by the use of no a lot much less than 54% remaining 12 months versus 2016. The Apple Watch Series three reached nearly 9 million supplied devices, while normal product sales in the fourth quarter of the 12 months bigger 32% year-over-year and reached eight million devices.

Last 12 months, Apple supplied an entire of 18 million Apple Watches, in keeping with the equivalent firm, and persevered growth is predicted this 12 months as neatly, significantly as the cellular mannequin of the Series three will get service improve in further giant markets all through the international.

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