Wearable 444.7m apple q4 business has been growing steadily over the years, and the fourth quarter of 2020 was no exception. According to the company’s latest earnings report, its wearable business generated $7.8 billion in revenue, up from $6.5 billion in the same quarter last year. This represents a growth of 21% year-over-year and is a testament to the popularity of Apple’s wearable products.
The Growth of Wearables
The growth of Apple’s wearable business can attributed to the popularity of its smartwatch, the Apple Watch, and its wireless earbuds, AirPods. The Apple Watch has become a must-have accessory for many iPhone users, thanks to its health and fitness tracking features, as well as its ability to receive notifications and make calls without having to take out your phone. AirPods, on the other hand, have become a cultural phenomenon, with their sleek design and easy-to-use features. In addition to the Apple Watch and AirPods, Apple also offers other wearable products, such as the Beats headphones and the HomePod mini. These products have also contribute to the growth of Apple’s wearable business.
The Future of Wearables
Looking ahead, the future of wearables looks bright for Apple. The company is rumored to be working on a new version of the Apple Watch that will include even more health monitoring features, such as blood glucose monitoring. This could make the Apple Watch an even more essential device for people who want to track their health and fitness. In addition to new features, Apple is also expected to release new versions of its AirPods and Beats headphones in the coming months. These products are likely to continue to be popular among consumers who want high-quality wireless audio.
Overall, Apple’s wearable business continues to be a bright spot for the company. With the popularity of the Apple Watch and AirPods, as well as the potential for new products in the future, it’s clear that wearables will continue to be an important part of Apple’s business strategy. As more people adopt wearable technology, Apple well-positioned to continue to grow its market share and revenue in this space.