The billion-dollar watch

The Apple Watch, despite early reviews that ranged from cautiously optimistic to middling, has begun its first quarter as a billion-dollar business. That revenue number wasn't stated exactly, but Apple CFO Luca Maestri told the Associated Press that revenue was "well over" the $952 million jump in the "other" category into which Apple lumps the watch. On the earnings call, CEO Tim Cook repeated the point that revenue on products like the iPod and accessories fell, so the watch accounted...

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