Apple’s April-June-June financial results for the second quarter of the year, wearable devices were the company’s star. In this period, iPhone sales decreased by 12 percent, while revenues from wearable devices increased by 48.3 percent. This section includes devices such as Apple Watch and wireless AirPods.
Today, UBS analyst Tim Arcuri said that Apple’s unit of wearable devices is the biggest factor in expanding Apple. Although this is the case, investors do not give the necessary value to this section. For the first time in the company’s history, this year was the year in which the annual growth in the wearable sector was higher than in other service segments in the second quarter of the fiscal year.
Other service segments include Apple Music, Apple Pay, iCloud, the App Store, Apple News +, Apple TV +, AppleCare, and more, which are the second most profitable part of the company. Services recorded record revenue of $ 11.05 billion in the second quarter, compared to $ 10.2 billion in the same period last year.
Third generation AirPods may arrive this fall
Tim Arcuri says that AirPods are in exceptional demand, while only 7 percent of all iPhone users have a pair of AirPods. This leaves plenty of room for sales to continue to increase.
Apple has upgraded its second-generation Bluetooth headphones with the H1 chip, helping to extend the battery’s life and reduce latency. The third generation headphones will be made of a more “sticky” material while having all the features of the current model. This will make it more difficult to fall off the ear. The 3rd generation AirPods are said to be noise-canceling and water-resistant.