26 Apr '16, 2pm

Apple Watch made $1.5 billion more than Rolex last year

Apple Watch made $1.5 billion more than Rolex last year

Going back at least as far the iPhone 5c, some Apple products pick up unfair reputations as “flops” — despite the fact that they are selling in quantities that would make other companies (and my Samsung-loving Cult of Android colleague Killian Bell) turn green with envy. The Apple Watch, which celebrated its first birthday this week, is just such a product. How much of an impact did the Apple Watch make in its debut year? Enough to bring in $1.5 billion more than Rolex did in 2015. And more than one-quarter of all Swiss watch exports combined for the past year, just to hammer the point home! While Apple has yet to make its Watch sales public knowledge, according to a recent Wall Street Journal article , the debut Apple wearable likely brought in around $6 billion in its first year. That’s considerably more than Rolex’s $4.5 billion in total revenue for the equivalent time ...

Full article: http://www.cultofmac.com/425038/apple-watch-made-1-5-bill...

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