Apple TV made over USD 1bn revenue in 2013: Tim Cook
Apple CEO Tim Cook reportedly announced that their Apple TV unit, a product touted to be a 'hobby,' made more than a billion dollars of revenue last year.
At Apple's annual gathering of shareholders, Cook said that the product was more than a "hobby" and the revenue includes content sales, like movies and TV shows, and not just hardware sales of its set-top-box.
According to Cnet, the billion-dollar-figure revenue indicated that the product was getting attention from consumers.
A little over a year ago, Cook announced that in the first quarter of the 2013 fiscal year, the company sold more than 2 million Apple TVs, up from 1.4 million a year before.
Apple recently announced that it was entering new product categories this year, which could possibly include the long-awaited full-fledged Apple TV set.
(Posted on 01-03-2014)