Here's How Much Apple Made From the Apple Watch

Apple posted its third quarter earnings on Tuesday, and, as expected, it didn’t give any precise numbers regarding Apple Watch sales so far. It did, however, give us enough data to make a viable back-of-the-envelope guess.

In its latest earnings reports, Apple has broken out the Units Sold and Revenue Made for several different product categories: iPhone, iPad, Mac, “Services” (iTunes, AppleCare, Apple Pay, etc.) and “Other” (formerly Apple TV, iPod, etc). This time around — Apple’s first earnings report in a post-Watch world — Apple included the Apple Watch in “Other.” That hides the Apple Watch’s performance to some degree — but only a little.

Apple Inc. – Earnings Surprise | FindTheCompany

Apple’s “Other” category has been mostly flat lately, so it’s a safe bet that any spike there is attributable to the Apple Watch. And a spike there was. Revenue in Apple’s “Other” category is up by roughly $1 billion. Unless Apple is suddenly selling way more Apple TVs and Beats headphones, that means Apple made about $1 billion in revenue from Apple Watch sales this quarter. And falling iPod sales means the Apple Watch may have done even better revenue numbers.

Now, it would certainly be nice to use that figure as a starting point to guess the number of Apple Watches sold so far. But that isn’t really possible. Because the Apple Watch’s price differentials are so huge — $349 to start, $18,000 at the high end — it’s hard to estimate any average price point (any significant number of sales at the $10,000 and up range would dramatically skew estimates). So we’ll have to wait until Apple is ready to tell us exactly how many Apple Watches it’s selling to get that information.

Get The Brief. Sign up to receive the top stories you need to know right now.

Please enter a valid email address.

* The request timed out and you did not successfully sign up. Please attempt to sign up again.

Sign Up Now

An unexpected error has occurred with your sign up. Please try again later.

Check here if you would like to receive subscription offers and other promotions via email from TIME group companies.

You can unsubscribe at any time. By signing up you are agreeing to our Terms of Service and Privacy Policy.

Thank you!

For your security, we've sent a confirmation email to the address you entered. Click the link to confirm your subscription and begin receiving our newsletters. If you don't get the confirmation within 10 minutes, please check your spam folder.

Read next: Apple’s Hiring More Car Industry Experts For a Secret Project

Listen to the most important stories of the day

Contact us at letters@time.com.