5 Years of the iPhone: 250 million units shipped and $150 Billion in Revenue
With a blink of an eye, the iPhone will turn 5 this week. First officially launched in the US on June 29, 2007, the iPhone entered the mobile phone market at a time when RIM and Palm (remember the Palm Treo?) were still at the top of their game. To mark the occasion, research firm Strategy Analytics have gathered some staggering numbers in their latest report: 250 million iPhones shipped and $150 billion in revenue for Apple.
Neil Shah, Senior Analyst at Strategy Analytics, offers, “Apple’s first iPhone was launched commercially in the United States on June 29, 2007. Between June 2007 and June 2012, we estimate the iPhone family of models has generated US$150 billion of cumulative revenues worldwide for Apple. This is an impressive achievement and it illustrates just how popular the iPhone has become during the past five years”.
Neil Mawston, Executive Director at Strategy Analytics, adds, “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. However, 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.”
In the previous quarter alone – when Apple posted revenue of $39.2 billion and a net profit of $11.6 billion – 35.1 million iPhones were sold (an increase of 88% compared to the previous year).
And as noted by VoucherCodes, there are more iPhones sold per day than there are babies born around the world. Now that’s impressive.
Check out the infographic below, as well as the keynote during the 2007 Macworld event where Steve Jobs first unveiled the Apple smartphone that would eventually alter the mobile landscape.