iPhone
is Apple’s most successful product and it has achieved great feats since its launch. While reporting first quarter results earlier this month,
Apple
CEO Tim Cook said that revenue growth for the December quarter was fueled by iPhone sales. Now a report has revealed that the tech giant has grossed trillions of dollars from iPhone sales in the past decade.
According to data presented by AltIndex.com, Apple grossed a whopping $1.65 trillion from iPhone sales in the past decade.
In terms of sold units, Apple went from 153.4 million in 2013 to 235 million in 2023, registering a 53% increase in a decade.
The iPhone reportedly became the most-used smartphone globally in 2023, overtaking Samsung's throne. Last year, the tech giant shipped 235 million iPhones worldwide, while 35% of all users owned the device, helping the company’s cumulative sales revenue hit record highs.
iPhone shipment in last decade
Apple's total iPhone shipments in the past decade touched 2.3 billion, in comparison Samsung, its biggest rival, shipped 800 million more smartphones in the last 10 years.
“Since its introduction to the market in 2007, the iPhone has been a crucial product for Apple, with its share in the company's revenue constantly growing,” the report said, attributing “most of its accomplishments” to “Apple's ability to keep its smartphone competitive and deliver the right combination of user experience and status symbol appeal.”
To compare the revenue generated by iPhones, in the first quarter of financial year (FY) 2009, iPhone sales accounted for about a quarter of Apple's total revenue. This figure jumped to 58% in the first quarter of financial year 2024.
In FY 2014, the tech giant grossed $101.9 billion from iPhone sales. Four years later, this figure increased to $166.2 billion, said the report.
According to Statista and the official company data, iPhone annual sales revenue has practically doubled in the past ten years.
