Apple's wearables revenue up 66%, sets new Q2 record

Apple reported a 5 percent decrease in revenue for the second quarter of 2019, but revenue from the company's wearables, home and accessories category rose year over year.

Three things to know about the Cupertino, Calif.-based technology company's financial performance for the second quarter of 2019:

1. Wearables, home and accessories contributed to $5 billion of Apple's revenue, a 66 percent increase from $3.9 billion during the same period last year.

2. Apple posted $58 billion in revenue, down 5 percent from $61 billion during the same period last year.

3. iPhones made up most of the tech giant's revenue at $31 billion, a 16 percent decrease from $37 billion during the second quarter of 2019. Other major revenue sources included services, for which the company reported at $11.4 billion.

"Our March quarter results show the continued strength of our installed base of over 1.4 billion active devices, as we set an all-time record for services, and the strong momentum of our wearables, home and accessories category, which set a new March quarter record," Apple CEO Tim Cook said in a news release.

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