05-01-2020, 04:43 AM
Apple’s services and wearables gamble pays off in difficult quarter
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/04/apples-services-and-wearables-gamble-pays-off-in-difficult-quarter.jpg" width="1" height="1" title="" alt="" /></div><div><p><!-- font size selector, BEGIN --> <span class="cfix"> </span> </p>
<p class="gray small byline"> By <a href="https://appleinsider.com/cdn-cgi/l/email-protection#8afde3e6e6e3ebe7a4edebe6e6ebede2eff8cae7ebe9a4e9e5e7">William Gallagher</a> <br /><span class="gray">Thursday, April 30, 2020, 02:09 pm PT (05:09 pm ET)</span> </p>
<p> <span><span class="article-leader">While the coronavirus has affected Apple’s earnings, its overall second quarter results are better than predicted because of the company’s increasing reliance on wearables and services.<br /></span></p>
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<div class="article-img"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/04/apples-services-and-wearables-gamble-pays-off-in-difficult-quarter.jpg" alt="Services like Apple Music, and Wearables like Apple Watch, have become significant earners for Apple" height="368" class="lazy" data-original="https://www.sickgaming.net/blog/wp-content/uploads/2020/04/apples-services-and-wearables-gamble-pays-off-in-difficult-quarter-1.jpg"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/04/apples-services-and-wearables-gamble-pays-off-in-difficult-quarter-1.jpg"></div>
<p><span class="minor2 small gray">Services like Apple Music, and Wearables like Apple Watch, have become significant earners for Apple</span></div>
<p>During its legally required second quarter financial earnings call, <a href="https://appleinsider.com/articles/20/04/30/notes-of-interest-from-apples-second-quarter-2020-earnings-report">Apple announced</a> better than expected results across most areas, but especially in its newest businesses. Wearables achieved a quarterly record, while services reached an all-time high of $13.3 billion. </p>
<p>“In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive,” said Tim Cook. “Despite COVID-19’s unprecedented impact, we’re proud to report that Apple grew for the quarter.”</p>
<p>Apple’s Wearables, Home and Accessories net sales were $6.284 million, compared to $5.129 million for the same quarter in 2019. Services’s record high of $13.348 million comes after last year’s $11.450 million for the quarter.</p>
<p>The company has been transitioning away from its dependence on iPhones, iPads, and Macs in hardware, chiefly since the <a href="https://appleinsider.com/inside/Apple-Watch">Apple Watch</a> launched in 2015, and the <a href="https://appleinsider.com/inside/AirPods">AirPods</a>, which first came out in 2016. </p>
<p>Its services have been expanding considerably since its first ventures into iCloud and then in 2015 with <a href="https://appleinsider.com/inside/Apple-Music">Apple Music</a>. Last year saw the launch of major new ventures in <a href="https://appleinsider.com/inside/apple-tv-plus">Apple TV+</a>, <a href="https://appleinsider.com/inside/apple-news">Apple News+</a>, <a href="https://appleinsider.com/inside/apple-arcade">Apple Arcade</a>, and <a href="https://appleinsider.com/inside/apple-card">Apple Card</a>.</p>
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https://www.sickgaming.net/blog/2020/04/...t-quarter/
<div style="margin: 5px 5% 10px 5%;"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/04/apples-services-and-wearables-gamble-pays-off-in-difficult-quarter.jpg" width="1" height="1" title="" alt="" /></div><div><p><!-- font size selector, BEGIN --> <span class="cfix"> </span> </p>
<p class="gray small byline"> By <a href="https://appleinsider.com/cdn-cgi/l/email-protection#8afde3e6e6e3ebe7a4edebe6e6ebede2eff8cae7ebe9a4e9e5e7">William Gallagher</a> <br /><span class="gray">Thursday, April 30, 2020, 02:09 pm PT (05:09 pm ET)</span> </p>
<p> <span><span class="article-leader">While the coronavirus has affected Apple’s earnings, its overall second quarter results are better than predicted because of the company’s increasing reliance on wearables and services.<br /></span></p>
<div align="center">
<div class="article-img"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/04/apples-services-and-wearables-gamble-pays-off-in-difficult-quarter.jpg" alt="Services like Apple Music, and Wearables like Apple Watch, have become significant earners for Apple" height="368" class="lazy" data-original="https://www.sickgaming.net/blog/wp-content/uploads/2020/04/apples-services-and-wearables-gamble-pays-off-in-difficult-quarter-1.jpg"><img src="https://www.sickgaming.net/blog/wp-content/uploads/2020/04/apples-services-and-wearables-gamble-pays-off-in-difficult-quarter-1.jpg"></div>
<p><span class="minor2 small gray">Services like Apple Music, and Wearables like Apple Watch, have become significant earners for Apple</span></div>
<p>During its legally required second quarter financial earnings call, <a href="https://appleinsider.com/articles/20/04/30/notes-of-interest-from-apples-second-quarter-2020-earnings-report">Apple announced</a> better than expected results across most areas, but especially in its newest businesses. Wearables achieved a quarterly record, while services reached an all-time high of $13.3 billion. </p>
<p>“In this difficult environment, our users are depending on Apple products in renewed ways to stay connected, informed, creative, and productive,” said Tim Cook. “Despite COVID-19’s unprecedented impact, we’re proud to report that Apple grew for the quarter.”</p>
<p>Apple’s Wearables, Home and Accessories net sales were $6.284 million, compared to $5.129 million for the same quarter in 2019. Services’s record high of $13.348 million comes after last year’s $11.450 million for the quarter.</p>
<p>The company has been transitioning away from its dependence on iPhones, iPads, and Macs in hardware, chiefly since the <a href="https://appleinsider.com/inside/Apple-Watch">Apple Watch</a> launched in 2015, and the <a href="https://appleinsider.com/inside/AirPods">AirPods</a>, which first came out in 2016. </p>
<p>Its services have been expanding considerably since its first ventures into iCloud and then in 2015 with <a href="https://appleinsider.com/inside/Apple-Music">Apple Music</a>. Last year saw the launch of major new ventures in <a href="https://appleinsider.com/inside/apple-tv-plus">Apple TV+</a>, <a href="https://appleinsider.com/inside/apple-news">Apple News+</a>, <a href="https://appleinsider.com/inside/apple-arcade">Apple Arcade</a>, and <a href="https://appleinsider.com/inside/apple-card">Apple Card</a>.</p>
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https://www.sickgaming.net/blog/2020/04/...t-quarter/