Apple iPhone revenue – additional information
The Apple iPhone is one of the biggest success stories in the smartphone industry. Since its introduction to the market in 2007, Apple has sold almost 600 million units worldwide. As of the fourth quarter of 2014, the Apple iPhone’s market share of new smartphone sales was at almost 20 percent. Much of its accomplishments can be attributed to Apple’s ability to keep the product competitive throughout the years, with new releases and updates. Of its latest device generation, the iPhone 6S and the iPhone 6S plus, Apple sold 13 million units in the first three days of sales.
The iPhone has shown to be a crucial product for Apple, considering that the iPhone’s share of the company’s total revenue has consistently grown over the years. In the first quarter of 2009, the iPhone sales were responsible for about a quarter of Apple’s revenue. In the second quarter of 2015, this figure reached a high of almost 70 percent, equating to more than 40 billion U.S. dollars in that quarter. In terms of units sold, Apple went from 1.39 million units in 2007 to almost 170 million in 2014, registering a peak in the first quarter of 2015 with nearly 75 million iPhones sold worldwide.