Apple iPhone: The iPhone, Apple’s flagship product, has been a remarkable success story since its inception. Recent revelations showcase the colossal financial achievement the tech giant has enjoyed over the past decade, with iPhone sales driving substantial revenue growth.

Apple iPhone – Staggering Revenue Figures

In the last ten years alone, Apple has raked in an astounding $1.65 trillion from iPhone sales, as reported by AltIndex.com. The financial prowess of the iPhone is evident in the revenue growth reported by Apple CEO Tim Cook during the first quarter results earlier this month.

Exponential Growth in Units Sold

The report highlights a remarkable surge in units sold, escalating from 153.4 million in 2013 to an impressive 235 million in 2023. This translates to a substantial 53% increase in the volume of iPhone units sold over the past decade.

Apple iPhone – Global Supremacy Achieved

The iPhone’s dominance reached a pinnacle in 2023, surpassing Samsung to become the most-used smartphone globally. Last year witnessed the shipment of 235 million iPhones worldwide, with an impressive 35% of all smartphone users opting for Apple’s flagship device. This surge contributed significantly to Apple’s cumulative sales revenue, reaching record highs.

Comparative Analysis with Samsung

Apple’s total iPhone shipments over the past decade amounted to a staggering 2.3 billion units. In contrast, its key competitor, Samsung, shipped 800 million fewer smartphones during the same period. The iPhone’s consistent popularity and Apple’s ability to maintain its competitive edge have been integral to its financial triumph.

Apple iPhone – Integral Role in Company’s Revenue

Since its debut in 2007, the iPhone has emerged as a vital product for Apple, steadily claiming a growing share of the company’s revenue. The report attributes many of Apple’s achievements to the iPhone’s unique combination of user experience and status symbol appeal.

Evolution of iPhone’s Revenue Share

To illustrate the magnitude of iPhone’s contribution, in the first quarter of the financial year 2009, iPhone sales constituted a quarter of Apple’s total revenue. Fast forward to the first quarter of the financial year 2024, and this figure surged to an impressive 58%.

Apple iPhone – Financial Milestones

In the financial year 2014, Apple’s revenue from iPhone sales stood at $101.9 billion. Over the next four years, this figure witnessed significant growth, reaching an impressive $166.2 billion.

Doubled Revenue in a Decade

According to Statista and official company data, iPhone annual sales revenue has virtually doubled over the past ten years, underscoring the enduring financial success of Apple’s iconic device.