Apple AirPod Is "Airing" Growth
Apple has another wonder product: AirPod. The product is racking growth, growing at estimated 70% last quarter for Apple. Also, Apple is one of the few Apple products that work across platforms which means that it can expand into Windows and Android domains. Apple needs to allow such to happen in more products where Android users can use its solutions.
And speaking of innovation, sales of Apple’s AirPods were up a stunning 70% year over year, estimates Toni Sacconaghi of Bernstein Research. “While Apple has provided no details on the size of the AirPod business, we *guesstimate* that it may have grown 70%+ in [the third fiscal quarter] and could be approaching a $2-billion-per-quarter business ([an estimated 10 million] AirPods sold in the quarter). Interestingly, Airpods are uniquely cross platform (they work on Android devices, albeit with a more limited feature set), highlighting the enormous potential addressable market for the accessory.”