WSJ: Wearables could replace the iPhone as Apple's most important revenue source

The Apple iPhone is Apple's most important device. Think of the phone as a hub, and other Apple products and services as the spokes pushing out from the hub. And while it is hard to imagine, there will come a time when something new becomes Apple's next big thing. A report published yesterday in the Wall Street Journal suggests that wearables will eventually be the most important source of Apple's revenue.

The Apple Watch owned a leading 17% share of the wearables market last quarter according to the latest report from IDC. Over the last four quarters, the Apple ...

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