APPLE PRAISESWATCH SALES AMID WEARABLE CONCERNS

How’s the AppleWatch doing in its second holiday season? If you ask Apple CEO TimCook, the answer is “great.” Cook told Reuters that sales for the company’s smartwatch have been “off the charts. And as we expected, we’re on track for the best quarter ever for AppleWatch.” Cook’s response comes amid concerns for the wearable category. Monday, research firm IDC released its third- quarter wearable data and found that Apple sold only 1.1millionWatches during the third quarter of 2016, down from 3.9million last year, a 71% drop.