Can Apple's Wearables Segment Continue Its Incredible Growth?
Apple (NASDAQ: AAPL) reported fourth-quarter earnings on Jan. 28, and the numbers exceeded analysts' expectations. One of the areas of incredible growth for Apple was in the segment that includes wearables, which grew a whopping 37% in the quarter to reach $10 billion in revenue.
Consumers cannot seem to get enough of Apple's wearable products. AirPods continue to sell out despite production increases. Additionally, Apple's market share in the smartwatch category is growing, at the same time the market for smartwatches is growing as well.
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Source Fool.com
