iPhone Has Generated $150 Billion In Revenue Since 2007 Debut
Five years ago, in 2007, Late Steve Jobs introduced the iconic smartphone that is known as iPhone today. Today in 2012, iPhone is still going strong.
The mobile community is waiting for the 6th generation iPhone model this fall, which has been nicknamed by Apple fanboys as iPhone 5. The industry is taking a moment to reflect on where the iPhone has been and how much revenue it has generated so far.
The official birthday of iPhone is 29 June. Thus, some Strategy Analytics has released a new report. This report indicate that the Apple touchscreen smartphone has generated some $150 billion in revenue since launch.
Neil Mawston, director at Strategy Analytics, said:
“The iPhone portfolio has become a huge generator of cash and profit for Apple. A quarter of a billion iPhones have been shipped cumulatively worldwide in the first five years since launch and Apple reaches its fifth birthday at the top of its game.”
Apple fans and investors will get its next look at Apple earnings and iPhone-related revenue very soon. In July, Apple will report quarterly results covering Q3.
Mawston told Tech Crunch:
“There are emerging signs that the iPhone’s next five years could get tougher. Some mobile operators are becoming concerned about the high level of subsidies they spend on the iPhone, while Samsung is expanding its popular Galaxy portfolio and providing Apple with more credible competition.”
If Apple releases a next generation iPhone with 4G LTE connectivity (which many people expect), Near Field Communication (NFC) and other cutting edge bells and whistles, $150 billion may just be the tip of the iceberg as then iPhone 5 would be bound to generate more revenue.