Washington, Mar. 01 ANI | 10 months ago

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)

Share This Page: