Apple (APPL) New Products Release
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Summary:
- Apple released their latest products on Wednesday.
Apple’s latest tech additions
While there were some unexpected details and features of Apple's (AAPL -0.52%) new goods disclosed during the company's major event yesterday, the company's three key refreshes—new iPhones, an improved Apple Watch lineup, and next-generation AirPods Pro—were mostly anticipated. With no major surprises, investors may be tempted to think that the event was a letdown. However, the following is problematic with the firm's most recent products: They stand for the most significant business sectors for Apple. In other words, just in time for the holidays, the tech giant updated the products that are arguably most crucial to the growth of its company.
To say that the iPhone is vital to Apple is an understatement. It's crucial. In the most recent quarter, sales of the iPhone represented almost half of the business's revenue. Therefore, a new variety of iPhones will benefit Apple as it approaches the holiday season. But what some investors might not realize is that Apple's "wearables, home, and accessories" business division just overtook its services business to become the company's second-largest segment, which is not a product segment. This indicates that the products in this area, including Apple Watch and AirPods, have evolved into a big catalyst for the business. Furthermore, the market is expanding quickly. Wearables, home, and accessories revenue climbed 25% year over year in 2021.
With so many new goods in its two key product categories, Apple may experience significant revenue increase in the upcoming quarters. Of yet, if Apple's recent supply chain constraints are any indication of the difficulties the business will encounter this holiday season, it's possible that production, rather than demand, could ultimately determine the company's growth in sales over the following months. However, if its production limitations loosen, Apple's chances of experiencing real sales growth are increased by a fresh, new product selection across important categories.
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Sources: finance.yahoo.com, fool.com
