Hardware Isn’t Doomed
While the iPhone’s sales are starting to wane, that doesn’t necessarily mean that Apple’s hardware days are over. Even though the company is adding services into the mix as a strong revenue driver, Apples’ other hardware products appear to be doing really well.
While Apple tracked strong performance and growth in both the Mac and iPad categories, Apple’s wearables grew a staggering 48 percent year-over-year. Driven by Apple Watch and AirPods, the firm says that it expects the growth to accelerate to “well over” 50 percent. Revenues from that category are topping 60 percent of Fortune 500 companies.