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Apple’s Wearables Contribute 11% to Total Revenue in Q321 (FY)
 
Apple fiscal third-quarter results showed home products and accessories as the third-largest revenue generator, fueled by ongoing strength for the Apple Watch.

• In the third quarter, the company giant $8.78 billion in Wearable’s segment sales, up from $6.45 billion in the prior year's quarter and surpassing the total sales of Mac computers and iPads, which were both riding a pandemic-driven demand tailwind.
• During the earnings call, Chief Executive Tim Cook commented on the expanding wearables reach, saying that "nearly 75% of the customers purchasing Apple Watch during the quarter" were "new to the product." 
• Apple ended 2020 with record wearables sales during the holiday season. The new year started off strong with the iPhone maker remaining the worldwide wearables market leader with 30.1 million shipments and a 28.8% market share, according to IDC data. The research firm attributed the growth to strong demand for the lower-cost Apple Watch SE and Series 3, which currently start at $279 and $199, respectively, versus the $399 for last year's Watch Series 6.

 
The company is expected to launch the Apple Watch Series 7 next month. Leaks have suggested the next-generation wearable could include a blood glucose monitoring sensor and 5G capability and will come in larger 41mm and 45mm case sizes, replacing the current 40mm and 44m options.