Apple watches became the most desired ‘other’ category of Apple
Apple watches, a product of the tech giant Apple Inc. and as adumbrated earlier by the company, in the first quarter of 2016 reports the record sales. The US-based tech giant, Apple revealed the record sales in its latest first quarter fiscal update. Tim Cook, company’s CEO proclaimed the second edition of the Apple Watch that is expected to be unveiled in September.
An American multinational technology company, Apple Inc. has delineated the record sales of its watches in its latest 2016’s financial update of the first quarter. Apple Inc. that kept its watches in the ‘other’ category together with Beat headphones, iPods and Apple TVs documented the takings that show almost 40% hike in its ‘other’ category in the first quarter of 2016. The receipts in the ‘other’ category have shown a hike of $4.35bn in the 2016’s first quarter as compared to the revenue ($2.7bn) of the 2015’s first quarter. On the whole, the business detailed the total revenue of $75.9bn along with the net profit (earnings) of $18.4bn in its latest first quarter fiscal update. The CEO of the company, Tim Cook addresses ‘thanks’ to Apple TEAM, who put their best skill to produce the most advanced products and deliver the all-time record sales. He also said that the team efforts has helped the company reach the largest quarter ever along with the unsurpassed record sales of, Apple Watch, Apple TV and iPhone. In addition to this, Cook too mentions about the growth of the company’s service business. He states that the expansion of their service business picked up the pace during the fourth part to produce record results. As per the fiscal books of the company, Cook pronounced that their installed base has recently crossed a significant stage of one billion active devices.