How the iPhone Changed Apple in Just 8 Years

February 1st, 2015
in News, econ_news, syndication

by Felix Richter,

In the first quarter of Apple’s fiscal year 2007, the last quarter before Steve Jobs unveiled the original iPhone, Apple’s revenue amounted to $7.1 billion.

Follow up:

Contributing $3.4 billion to that total, the iPod was Apple’s most important product back then. Now, eight years later, the iPod has been rendered all but obsolete as smartphones have taken over most music playback duties. Apple doesn’t even break out iPod sales anymore; instead they are buried in the “other products” category along with Apple TV which, as Steve Jobs once put it, is considered a mere hobby at Apple.

Meanwhile iPhone sales alone generated $51.2 billion in the most recent quarter, accounting for almost 70 percent of Apple’s total revenue in that period. Being considered Apple’s most profitable product, it is very likely that the iPhone also accounted for the lion’s share of the company’s record-breaking $18 billion profit over the last three months. It only took the iPhone eight years to evolve from what many considered an overpriced niche product to the planet’s biggest cash cow – an achievement that is unlikely to be repeated in the foreseeable future.

This chart illustrate the iPhone's huge impact on Apple's results.

Infographic: How the iPhone Changed Apple in Just 8 Years | Statista
You will find more statistics at Statista


Make a Comment

Econintersect wants your comments, data and opinion on the articles posted.  As the internet is a "war zone" of trolls, hackers and spammers - Econintersect must balance its defences against ease of commenting.  We have joined with Livefyre to manage our comment streams.

To comment, just click the "Sign In" button at the top-left corner of the comment box below. You can create a commenting account using your favorite social network such as Twitter, Facebook, Google+, LinkedIn or Open ID - or open a Livefyre account using your email address.



Analysis Blog
News Blog
Investing Blog
Opinion Blog
Precious Metals Blog
Markets Blog
Video of the Day


Asia / Pacific
Middle East / Africa
USA Government

RSS Feeds / Social Media

Combined Econintersect Feed

Free Newsletter

Marketplace - Books & More

Economic Forecast

Content Contribution



  Top Economics Site Contributor TalkMarkets Contributor Finance Blogs Free PageRank Checker Active Search Results Google+

This Web Page by Steven Hansen ---- Copyright 2010 - 2016 Econintersect LLC - all rights reserved