Apple announced Wednesday that it sold $5.3 million in the sale of the world’s first wrist-worn Apple Watch to a private investor, a milestone that will make it the largest Apple Watch deal in history.
The sale of Apple Watch, a smartwatch that’s powered by a special silicon called Armitron, was a $4 billion milestone that came after the company had set the bar in 2011 with its $1 billion purchase of the Pebble watch, a wearable device that lets you track your steps with a computer.
The $1.4 billion sale of Pebble, which has sold more than 1 million units since its launch in 2010, is one of the biggest Apple Watch sales ever.
That’s the first time that an Apple Watch has sold $1 million in its first year of sale.
The deal marks the largest acquisition by a company in Apple’s history, surpassing the $2 billion purchase by Chinese technology giant Huawei of a Motorola Moto 360 smartwatch last year.
The deal also marked the first for an Apple brand, as Apple sold the original iPhone to the Chinese company for $1,766,000, according to Bloomberg.
The Pebble sale comes just as Apple has announced a number of initiatives, including the introduction of an Apple Pay mobile payment system and an Apple Music subscription service.
Apple also announced on Wednesday that Apple will unveil a new smartwatch in the spring, with the first model set to debut in early 2017.