Apple looks to revive Sluggish Wearables shipments with new devices today & the CEO of ‘Beacon’ discusses Apple’s Path to AI profits
A lack of recent upgrades has weighed on sales of Apple’s wearables division, which also includes home products and accessories. The unit’s revenue is poised to decline for the second year in a row during fiscal 2024, which runs through September. But analysts expect the category to bounce back in 2025 with a 6.2% revenue gain to $39.5 billion.
Two years ago, Apple released the first Ultra watch — a bulkier, higher-end model — raising the overall average selling price of the lineup. That year, it also unveiled the second-generation version of the AirPods Pro, another upscale model. That created a tough sales comparison last year when Apple didn’t release a major AirPods update and only rolled out minor tweaks to the Apple Watch.
That’s why Monday’s event is a key moment for the wearables business. The Apple Watch Series 10 — the mid-level version — will get a new look, with larger displays packaged into a thinner design. The entry-level AirPods will be redesigned and include a version with active noise cancellation — something previously only found on the AirPods Pro.
Fresh momentum from the Apple Watch and AirPods would help offset slow sales elsewhere. For more, read the full report on BNN Bloomberg where they also present an interview with Jim Anderson, CEO of Beacon, talking about Apple’s path to AI profits.