The Apple Watch business is way bigger than you think

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apple watch bands
Apple's wearables raked in $5 billion over the last year.
Photo: Apple

Apple Watch gets a lot of stick for being a “me-too” product, and people who don’t see the need for a smartwatch assume the business is a bust. There’s this crazy perception that Apple Watch is just not selling — but that couldn’t be further from the truth.

The Apple Watch, alongside other Apple wearables, is now raking in billions of dollars every year. The business is huge. So huge, in fact, that it would be a Fortune 500 company all by itself, outselling supposed smash hits like Microsoft’s Surface tablets and the Amazon Echo.

Here’s why Apple Watch isn’t the flop you think it is.

Apple expected to announce record revenues today

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money
Apple's earnings call will take place later today!
Photo: Ste Smith/Cult of Mac

Apple has its first quarter earnings call for fiscal 2017 today, and if you’re an investor — or just an Apple fan — signs point to it being a great one.

With revenue having declined year-on-year for the past three quarters, investors expect today’s announcement to reveal that Apple is rebounding.

Pokémon GO raked in almost $1 billion last year

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Pokemon GO
Pokémon GO made $800m faster than any other game.
Photo: Niantic

iOS revenue to surpass $1 trillion this year

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iPhone 7
iOS sales are about to hit a major milestone.
Photo: Ste Smith/Cult of Mac

App Store made $240M on New Year’s Day to shatter sales records

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You don't need to go through the App Store to install apps now.
The App Store continues to impress.
Photo: Apple

Apple schedules Q3 2016 earnings call for July 26

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Apple's next earnings call is less than a month away.
Photo: Ste Smith/Cult of Mac

Apple has scheduled its next earnings call for Tuesday, July 26, at 2 p.m. Pacific. The call, which will be broadcast live, will cover the company’s third fiscal quarter results following the first-ever decline in iPhone sales last quarter.