Apple (NASDAQ: AAPL) is enjoying stronger growth across services and the wearables segment. Its leading source of revenue is the iPhone which accounts for more than half of its annual net revenue. In fiscal 2019, Apple’s revenue from iPhone was $142.4 billion and that from services $46.3 billion.
Apple’s revenue from sales of the iPhone was around $22.5 billion lower compared to the previous year in 2019. However, the overall revenue of the company fell by only $5.4 billion because of revenue growth across all other segments.
The revenue of Apple from sales of iPods increased by around $2.9 billion reaching $21.3 billion in 2019 compared to $18.4 billion in 2018. Apple’s revenue from sales of Mac also experienced slight growth and rose by around half a billion reaching $25.74 billion in 2019 compared to $25.2 billion in 2018.
Apple’s revenue from wearables, home, and accessories grew by around 40% rising to $24.5 billion in 2019 from $17.4 billion in 2018. Net Revenue of Apple from services grew to $46.3 billion in 2019 from $39.75 billion in 2018.
Apple net sales of Services and wearables in millions 2017-2019.
|Category||Net sales||Net sales||Net sales|
|Wearables, Home and Accessories||$24,482||$17,381||$12,826|
Apple Annual Report 2019.