Apple's Wearables Business Expected to Overtake Mac in 2020

Over the weekend, longtime Apple (NASDAQ: AAPL) analyst turned venture capitalist Gene Munster put out a research note to investors, which included updated estimates on the Mac maker's booming wearables business. That segment was a key driver of growth in the third quarter, helping to offset weakness in the core iPhone business.

For competitive reasons, Apple aggregates its wearables segment with its home and accessories products, obfuscating financial details around wearables. Instead, the company likes to make cryptic comparisons to the Fortune 500, the most recent of which would peg trailing-12-month (TTM) wearables revenue at approximately $18.9 billion.

Apple Watch Series 5. Image source: Apple.

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Source Fool.com