Wait! What? Apple has a new business? When did that happen? Well, Apple is something of a secretive company that does not pre-announce everything it does, right? Why would the company pre-announce a new product line worth tens of billions of revenue?
What’s the new business?
Apple’s newest revenue stream and the 5th leg in a tall bar chair. Wearables.
Wearables? If you can wear it, it’s a wearable. Apple sells plenty of Watches, AirPods, and Beats headphones, among other accessories in the same classification, so Wearables is the new darling until Apple can figure out what the next insanely great thing will be.