Apple Watch shipments are expected to hit 15 million units in 2017, and jump to 20 million next year.
Apple owns US$52.6 billion in U.S. Treasury securities, making Apple a powerful mover in the global economy ahead of other Silicon Valley companies.
Apple’s total Apple Watch shipments since the smart watch was first introduced in 2015 have topped 30 million units, according to Strategy Analytics.
Apple has taken over Fitbit’s position as the top wearables maker for the first quarter of 2017. Wearable device shipments are on the rise, as are Apple’s sales, but Fitbit’s numbers are declining and the company laid off over 100 employees earlier this year.