Luca Maestri: Apple Watch Revenue ‘Well Over’ $952 Million

The AP:

Some analysts noted that Apple reported $2.6 billion in revenue from the company’s “Other Products” segment, which includes the watch. That’s about $952 million more than the previous quarter, when the watch had not yet gone on sale, or significantly less than the $1.8 billion in watch sales that analysts surveyed by FactSet were expecting.

But Chief Financial Officer Luca Maestri told The Associated Press that revenue from the watch amounted to “well over” that $952 million increase. He said the watch sales were offset by declining revenue from iPods and accessories, which are also lumped into that segment.

As Dan Seifert tweeted (one and two), this means Apple Watch already generates more revenue than Microsoft Surface — which was up 117 percent:

While the company’s stumbles in smartphones have shown the bruising downsides of the hardware business for Microsoft, it had success with other devices, including its Surface tablet, the revenue from which grew 117 percent, to $888 million. Revenue from its Xbox game business rose 27 percent. In total, Microsoft said it had nearly $2 billion in computing and gaming hardware revenue in the quarter.

★ Tuesday, 21 July 2015