econintersect .com

FREE NEWSLETTER: Econintersect sends a nightly newsletter highlighting news events of the day, and providing a summary of new articles posted on the website. Econintersect will not sell or pass your email address to others per our privacy policy. You can cancel this subscription at any time by selecting the unsubscribing link in the footer of each email.

posted on 02 August 2016

The IPhone Hits Another Milestone

by Felix Richter,

A little more than nine years after it made its debut in the United States in June 2007, Apple announced that it recently sold its one billionth iPhone.

Having generated more than $600 billion in revenue and in all likelihood more than $100 billion in net profit for Apple, the iPhone might well be the most profitable piece of technology to ever have hit the market. It has transformed Apple from a company with $19 billion in annual sales (in 2006) to the most valuable company in the world, raking in $234 billion in the fiscal year that ended in September 2015.

However, every fairytale must eventually come to an end and so does the iPhone's remarkable growth story. Between April and June, iPhone sales declined for the second consecutive quarter and, if Apple revenue guidance is any indication, will continue to do so in the ongoing quarter. With the smartphone market maturing and many low-cost alternatives flooding emerging markets, it will be interesting to see if Apple can reinvigorate sales or if we are already past peak iPhone.

This chart shows cumulative iPhone sales since the smartphone's release in 2007.

Infographic: The iPhone Hits Another Milestone | Statista

You will find more statistics at Statista.

>>>>> Scroll down to view and make comments <<<<<<

Click here for Historical News Post Listing

Make a Comment

Econintersect wants your comments, data and opinion on the articles posted. You can also comment using Facebook directly using he comment block below.

Econintersect Contributors

Print this page or create a PDF file of this page
Print Friendly and PDF

The growing use of ad blocking software is creating a shortfall in covering our fixed expenses. Please consider a donation to Econintersect to allow continuing output of quality and balanced financial and economic news and analysis.

Keep up with economic news using our dynamic economic newspapers with the largest international coverage on the internet
Asia / Pacific
Middle East / Africa
USA Government

 navigate econintersect .com


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 - 2018 Econintersect LLC - all rights reserved