Apple’s Mac, iPad and wearables companies showed stronger than expected growth in the June quarter, even during the ongoing COVID-19 pandemic.
All three sectors showed record growth in the third quarter of 2020, Apple CFO Luca Maestri said to investors during the company’s earnings call in June.
Mac sales were $ 7 billion during the quarter, compared to $ 5.8 billion annually. Apple’s iPad generated $ 6.5 billion during the quarter, compared to $ 5 billion in Q3 2019.
Both product sectors appeared to have benefited from the transition of users to a home working environment during the ongoing health crisis of COVID-19.
“The iPad was helped in the quarter of June by home work and distance learning like in other regions,” said Apple’s CEO Tim Cook during a conference call on earnings. “And the Mac also grew strongly during the quarter, at double digits.”
Cook also noted that Mac and iPad sales grew despite pandemic delivery restrictions. Apple expects sales of tablets and computers to continue to grow through the fourth quarter.
Not every sector was accelerated by the work-from-home movement. Wearables growth slowed in the quarter of June,
“I think the Watch in particular, like the iPhone, is more influenced by store closings because some people want to try the Watch and see what it looks like – look at different band choices and things like that,” Cook said. “And so I think that when the shops close, it puts more pressure on it.”
Apple notes that the industry continued to grow at double digits and set a quarterly record outside the holiday season.
The Wearables, Home and Accessories division generated $ 6.4 billion in the period, compared to $ 5.5 billion in the prior year quarter. Maestri also noted that Apple’s Wearables company alone, including AirPods and Apple Watch, is now the size of a Fortune 140 company.