Apple wearables grew the least year-over-year in Q2 2021

Posted:
in Apple Watch edited April 28
Apple's Wearables, Home, and Accessories momentum appears to be slowing down, with the company reporting 24.7% growth in the segment during its second quarter of 2021.

Credit: AppleInsider
Credit: AppleInsider


The Cupertino tech giant reported $7.8 billion in revenue for the Wearables, Home, and Accessories category, up from $6.2 billion in the year-ago quarter. The category is composed of AirPods and the Apple Watch, as well as HomePod mini and other accessory devices.

Although the segment gained about 25% from last year, and hit an all-time quarterly high, growth appears to be tapering off. In the busy Q1 2021 holiday quarter, for example, Apple reported year-over-year growth of nearly 30%.

The 24.7% growth was also the lowest growth rate among any of Apple's product categories in the company's second quarter, which corresponds to the first calendar quarter of 2021. The next lowest was Services, which saw 26.6% growth year-over-year.

Wearables Graph


There have also been reports of AirPods and Apple Watch shipments slowing down.

Earlier on Wednesday, a report indicated that Apple has slashed AirPods production by about 25% to 30% for 2021 due to weakening demand.

Apple still managed to beat Wall Street consensus in the category, with several analysts forecasting revenue between $7.2 billion and $7.4 billion.

Comments

  • Reply 1 of 5
    red oakred oak Posts: 844member
    Give me a f***** break.  This is what you report after a blow out quarter? 
    Beatswatto_cobra
  • Reply 2 of 5
    lkrupplkrupp Posts: 9,012member
    red oak said:
    Give me a f***** break.  This is what you report after a blow out quarter? 
    Yep, gotta keep the smell of failure alive. Last sentence says it all. Apple still BEAT Wall Street’s consensus on growth in that category so let’s turn that into a negative and harp about how sales may be flagging. Sales are growing, not failing so let’s play games with semantics and claim otherwise.
    edited April 28 Beatswatto_cobra
  • Reply 3 of 5
    red oak said:
    Give me a f***** break.  This is what you report after a blow out quarter? 
    It seem to be what you noticed.  Perhaps you missed:

    Apple posts record $89.6B in Q2 revenue on back of across-the-board growth

    iPad and Mac growth continue unabated in Q2 2021

    Apple increases China earnings by nearly 90%



  • Reply 4 of 5
    StrangeDaysStrangeDays Posts: 11,157member
    Only a 25% YoY increase. Doom!
    watto_cobra
  • Reply 5 of 5
    JapheyJaphey Posts: 551member
    Of course there is weakened demand for AirPods. Every other day we get a new rumor about AirPods 3 or AirPods Pro 2. Everybody is waiting until then to purchase them. This number will increase again by Q4. 
    watto_cobra
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