Apple Is Ready for Big Growth in Wearables This Holiday Season
In Apple's (NASDAQ: AAPL) third quarter of fiscal 2019, a surprising segment contributed more to the company's growth than any other segment. Revenue in the tech giant's "wearables, home, and accessories" segment increased by $1.8 billion -- a larger year-over-year jump than any other Apple segment. This is notable since this was Apple's smallest segment in fiscal 2018, and even after its sharp growth recently, it's still Apple's second smallest segment and accounts for only approximately 10% of total revenue.
The segment's wild 48% year-over-year growth in fiscal Q3 was driven by continued strong demand for the company's wearables products, namely its Apple Watch and AirPods.
Going into Apple's first quarter of fiscal 2019 -- a period that coincides with the important holiday season -- the company is prepared to capitalize on this segment's strong momentum with new products.
Source Fool.com
