Apple TV sales last year topped $1 billion, Cook says it's 'Difficult to call it a hobby'

Apple TV sales last year topped  billion, Cook says it's 'Difficult to call it a hobby'

At the company's annual shareholder's meeting today, Apple CEO Tim Cook announced that the Apple TV generated $1 billion in sales in 2013. This includes both device sales, as well as content sold on the Apple TV. Tim Cook indicated to shareholders that the device is no longer a hobby to Apple, according to Reuters:

"It's a little more difficult to call it a hobby these days," Cook told shareholders at the company's headquarters in Cupertino.

Now that the Apple TV is becoming increasingly important for Apple, and with a new version expected later this year, what direction would you like to see them take the device? Let us know below in the comments.

Source: Reuters, Recode

Joseph Keller

Joseph Keller is a news reporter for iMore. He's also chilling out and having a sandwich.

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There are 15 comments. Add yours.

Becjr says:

"It's a little more difficult to call it a hobby these days,"

Does this mean Apple is going to officially bring the Apple TV out of the "hobby" status into something more Apple "mainstream" with a new & improved Apple TV device this year?
(One can dream)

stephen007 says:

I would think that the $1 billion in sales figure would represent only boxes sold (and not media) since, if you do the math, that's only 10 million units... which sounds about right from what I've heard.

iEd says:

The Article said devices sold and media bought on the device.

Sent from the iMore App

stephen007 says:

Ah. I now see that the Recode article was later updated with that information.

richard451 says:

yeah, that makes sales kind of difficult to interpret, but it appears to be much lower than anyone thought (unless nobody buys iTunes content from the AppleTV)

downsys says:

$1 billion = 1,000,000,000. That would mean 100 million units, not 10 million.

stephen007 says:

At around $100 apiece $1 billion would represent 10 million units (if they hadn't included purchases). 100 million units would be $10 billion.

Joebin says:

I finally got an Apple TV a couple of months ago. It's a great little box for a hobby. It's changed the way we interact with the TV. The family and I actually watch YouTube together on the TV. Plus, Netflix is easy to browse through on an Apple TV. I was just at a friend's house who had a glorious 60" screen "Smart TV," but it was a pain to scroll through. Horrible interface.

moroboshi says:

I appreciate that in the US it's still difficult to cut the cable, but here in the UK, we have a wide variety of streaming services which make cable cutting a sensible (and cheap) option. At the moment the only boxes which offer an anywhere near complete selection of UK streaming services are the PS3, and the Xbox 360. Both are of course, rather old and clunky now.

Here at least then, there is a gap for a great little streaming box, with an App Store, universal search, and maybe some niceties like voice search.

So bring it on Apple, we're waiting. Just make sure it has an open App Store.

stale_bread says:

I would like to see it open to developers, as well as a A7 processor.

The concept of the Apple TV being able to render 3D games easily makes airplay games much more feasible with little to no noticeable latency. I enjoy playing airplay games, but the lag makes it unplayable to say the least. Developers being able to push instructions, or tell the Apple TV to download a custom app that in itself is able to do intense calculations would open a pandora's box of entertainment possibilities.

Oh, and siri in the living room!

Derrick4Real says:

I would like it to be able to play all my local content. more codecs and container combos (mkv, ac3, avi, xvid) is a must. Codecs are deal breaker for me.

Crayolaboi says:

It's sad, I have the 2nd gen appletv and with jailbreak it DOES play all that content and very well. Apple is just greedy not allowing it stock.

Eric Stallings says:

Just get a Chrome Cast. Simple and rewarding.

Posted via the Android iMore App on my Nexus 5!

asuperstarr says:

Wow! That is awesome! I think as people begin to learn about it, the more people are seeing the value in the device.

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Wes Douglas1 says:

Integrate it into a TV, an actual 4k LED TV at least 55 inches. Thanks.

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