Apple Still Seeing Growth in Other Products
While users are holding onto their iPhones for a bit longer than they have historically, Apple still saw growth in its other product sectors. Revenue for the iPad and Mac grew 17 percent and 9 percent, respectively, year-over-year.
And Apple’s new Wearables, Home and Accessories category (which includes everything from HomePod to Apple Watch) is growing a lot faster than that. It’s the fastest growing revenue segment in Q1 2019, expanding 33 percent from the past year. Apple says its wearables business is approaching the size of a Fortune 200 company.