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 more than one billion units worldwide. As of the forth quarter of 2017, the Apple iPhone’s market share of new smartphone sales was at almost 19 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. The latest full-screen iPhone X generated much excitement among Apple fans and saw strong sales in the holiday seasons of 2017. 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 about 216 million in 2017, registering a peak in the first quarter of 2017 with more than 78 million iPhones sold worldwide.