Apple Watch, AirPods drive wearables rev 70%, outpacing size, growth of Amazon ads, Google Cloud, Alphabet Other Bets

AppleInsider:

Apple is criticized for making much of its revenues from one hit product: iPhone. However, its newest foray into Wearables has not only become its fastest-growing revenue source behind iPhone, but is also larger and growing more rapidly than other top tech firms’ hyped future growth segments, such as Amazon’s ads business, Google’s Cloud and Alphabet’s Other Bets.

Apple Watch has also consistently reached 50 percent growth in both units and revenue for the fourth consecutive quarter, highlighting a solid base of demand for the company’s highly personal, ultra mobile and super integrated Wearables.

All those stories about “Apple Watch isn’t selling” can stop now. While I still don’t like the fact Apple hasn’t announced sales figures for the Apple Watch (a la Amazon and the Echo and Kindle), Ben Bajarin said on Twitter:

Working on updating my smartwatch market/sales model and it is at the point where it isn’t really worth updating any numbers but Apple Watch. Apple has ~75% of the wearables market (not just smartwatches).

Wow.