Apple ‘is now the second largest watchmaker in the world’ claims analyst
APPLE is now the second largest watchmaker in the world behind Swiss firm Swatch, it has been claimed.
An ex-Apple analyst reckons the tech giant is making £3.6 billion a year thanks to its high tech tickers.
That places it behind Swatch - owners of the Omega brand - which recorded sales of £5.9 billion last year, the MailOnline added.
The claims may surprise Apple fans as the smartwatch was met with mixed reviews following its launch in 2015.
But the firm's finance chief Luca Maestri told the Financial Times that the second generation of the watches had been flying off the shelves with sales nearly doubling year-on-year.
"The watch did incredibly well," he said.
Apple did suffer an unexpected drop in iPhone sales in the last quarter, which the company blamed on rumours over delays to the iPhone 8.
Can't wait for the new gadget to drop? Here's all the gossip about the hotly anticipated smartphone.
We pay for your stories! Do you have a story for The Sun Online news team? Email us at tips@the-sun.co.uk or call 0207 782 4368