Apple Watch earnings were lumped together with other products such as the iPod and Beats headphones, which collectively came to $2.6bn, up by $952m compared with the same period in 2014.
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Macworld UK recalled Apple’s forecast for Q3 was revenue of between $46 billion and $48 billion, up from $37.4 billion in the same quarter past year. He noted that in the nine weeks since its launch in late April, the device has sold better than either iPhones or iPads over a similar period after their launch.
Global smartwatch shipments grew 457 percent annually to hit a record five million units in the second quarter of 2015, Strategy Analytics says, with Apple responsible for the vast majority of that growth.
Apple’s stock slid sharply on Tuesday after the company reported strong iPhone sales but remained coy about the performance of its new smartwatch. That is not exactly trivial, but note that the company reported almost $50 billion in total quarterly revenues.
“We estimate Apple Watch shipped 4.0 million units and captured a dominant 75 percent smartwatch market share worldwide in Q2 2015″, said Strategy Analytics Neil Mawston in a statement.
Strategy Analytics compiled this report by looking at how many Apple Watches were shipped globally. The decrease in sales for the iPad-which commands more than three quarter of market share in the U.S. among tablets priced at more than $200-comes amid an overall global decline in tablet sales.
It is also probable that the company’s decision to not disclose its Apple Watch figures may have caused the drop in share price.
The reason? According to Time, it’s all about expectations.
Apple surpassed Samsung in the smartwatch market with its Watch in the second quarter. Apple expects to boost that number as software developers create new apps based on the device’s updated operating system, watchOS 2. This marks an increase in the revenue by 33% and EPS by 45%, year-over-year growth rate from the first half of fiscal 2015. That’s about $952 million more than the revenue from “other products” during the previous quarter… which has led some to wonder if that’s roughly how much money the Watch brought in.
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The watch is “an important gauge of Apple’s ability to launch a new product under the leadership of Tim Cook”, Sacconaghi wrote.
