“Apple Watch sales are up more than 50 percent since last year, according to Apple CEO Tim Cook. He mentioned this when discussing Apple’s strong third-quarter results on the investor call Tuesday.
Overall, Apple beat analyst expectations with $1.67 per share, versus the anticipated $1.57 per share. Revenue was $45.4 billion, when Wall Street forecast $44.89 billion.
Shares were quickly up 5 percent in initial after-hours trading on the good news, but one often overlooked category is “other products,” where they group in the performance of things like Apple Watches, Apple TVs, Beats electronics, iPods and Apple-branded accessories.
This category brought in $2.74 billion in revenue and is up 23 percent since the same period last year. One product that is contributing to the annual revenue growth is AirPods, the wireless earbuds that Apple released in December of last year. (I personally think they look a tad dorky, but everyone I know who has them loves the sound quality.)”