|iPhone has generated $150 billion for Apple|
|Wednesday, 27 June 2012 08:44|
Exactly five years ago this week, Apple’s iPhone took the smartphone world by storm. Before the iPhone, RIM’s BlackBerry and Microsoft’s Windows Mobile dominated the smartphone world, and both devices featured small screens with big keyboard geared toward the enterprise. With the iPhone, Apple delivered a device for everyone, with a 3.5″ fully touch screen display and sleek design. And boy did it ever take off.
Research firm Strategy Analytics took a look back on Apple’s 5 years in the smartphone market, and offered some statistics to help ring in the iPhone’s birthday. Since its launch on June 29th, 2007, Apple has sold over 250 million iPhones worldwide, generating a staggering $150 billion in revenue, helping Apple become the most valuable company on the planet today, with a valuation of over $500 billion. An infographic from VoucherCodes.co.uk points out that there are more iPhones sold than children born every day.
In a recent earnings call, Apple announced that it had sold 360 million iPhones, iPod Touch, and iPad devices, and the number is only expected to grow as more and more people enter the smartphone and tablet markets. Despite some analysts projecting Apple’s market share falling at the expense of Windows Phone, we believe Apple will achieve even greater successes in the years to come.
Happy 5th birthday, iPhone, and what a cash cow you turned out to be.
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