Analyst says the wearables unit is Apple's growth engine right now

During Apple's fiscal third quarter, which covered the months of April through June, the company's wearables unit was the star of t...

During Apple's fiscal third quarter, which covered the months of April through June, the company's wearables unit was the star of the show. During the period, iPhone sales declined 12% on a year-over-year basis, but wearables revenue rose 48.3%. The division includes very popular devices like the Apple Watch and the wireless Bluetooth AirPods, both the leading products in their respective categories, and quarterly revenue for the group rose from $3.73 billion to $5.53 billion on an annual basis.

Today, UBS analyst Tim Arcuri said (via Seeking Alpha) that the unit ...

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