In the first few weeks after the Apple Watch release was official and the company’s first ever wearable device went on sale, analysts reported that the company sold about 3 million Apple Watches in the U.S. in three months. While that is an impressive number for a wearable and puts the Apple Watch as the most popular smart watch on the market, it wasn’t what Apple had expected. Analysts might have been wrong, though, as Apple’s quarterly reports revealed that the Apple Watch made the company quite a lot of money: $1.7 billion. That’s the value of more than just 3 million units, that’s for sure, but Apple won’t release a precise number of how many units of the wearable it actually sold.
Although the Cupertino-based tech giant doesn’t reveal their exact sales numbers, their annual revenue report does reveal a good bit about the Apple Watch. The folks at VentureBeat were first to review the revenue report, and they found that the Apple Watch brought in almost $1.7 billion in revenue in the company’s Other products category. Indeed, the report indicates that the Apple Watch launch impacted revenue growth in the company’s Other products category of its report and judging by the impact iPod sales in the same category had on revenue, the actual revenue the company made off of the Apple Watch is most likely three times the number in the report.
The Apple Watch’s most popular version is the Sport, but we have to keep in mind that only a handful of people buying the Apple Watch edition would contribute a lot to the total sum the company makes off of the device. If the reported revenue the company made were split into Apple Watch Sport units, the number would mean the company sold about 5 million of them. Nonetheless, the first generation wearable the company has ever made managed to generate billions in revenue in just five months since it was launched. That’s a staggering number, although it still doesn’t beat the record sales iPhones have.
In the revenue report, the Apple Watch is one of the main revenue generators for the Other Products category, but Apple still relies heavily on the iPhone for its money. The company broke records in 2014 and is doing the same this year with the iPhone 6, the report stating that total revenue generated from sales in fiscal 2015 is more than $75 billion. By the way, you’re paying about 11% more for the iPhone now than in 2014, FYI. The Apple Watch revenue seems like spare change when compared to these sales. Apple doesn’t seem to stop growing, so we can’t even imagine what will happen with its revenues when the Apple Watch 2 is launched.