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How much did Apple make with the iPhone sale in the past 10 years?

The report states that the iPhone's annual sales revenue has practically doubled in the past 10 years. In FY 2014, the tech giant grossed USD 101.9 billion from iPhone sales. Four years later, this figure increased to USD 166.2 billion.

Saumya Nigam Edited By: Saumya Nigam @snigam04 New Delhi Published on: February 19, 2024 19:21 IST
iphone, apple iphone, tech news
Image Source : APPLE How much did Apple make with the iPhone sale in the past 10 years?

Apple, the Tech giant known for its popular iPhones has recently revealed that it has grossed a whopping USD 1.65 trillion from the sales in the past decade, a new report revealed. In 2023, the tech giant reportedly shipped 235 million iPhones across the world, while 35 per cent of all users owned the device, helping the company’s cumulative sales revenue hit record highs. It was further stated that the iPhone also became the most-used smartphone across the world in 2023.

According to data presented by AltIndex.com, in terms of sold units, Apple went from 153.4 million in 2013 to 235 million in 2023, showing a 53 per cent increase in a decade. Apple's total iPhone shipments in the past decade have touched 2.3 billion. In comparison, its biggest rival, Samsung, shipped 800 million more smartphones in this period.

“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,” said the report. 

In Q1 FY 2009, iPhone sales accounted for about a quarter of Apple's total revenue. This figure jumped to 58 per cent in the first quarter of FY 2024.

According to Statista and the official company data, iPhone annual sales revenue has practically doubled in the past 10 years. In FY 2014, the tech giant grossed $101.9 billion from iPhone sales. Four years later, this figure increased to $166.2 billion, according to the report by AltIndex.com.

“After a considerable revenue drop in FY 2019 and FY 2020, when consumers worldwide cut their spending budgets amid the pandemic, iPhone sales jumped by almost 40 per cent year-over-year and hit $191.9 billion in FY 2021,” it added.

ALSO READ: Realme 12 Pro Plus Review: Premium phone with strong camera capabilities

Inputs from IANS

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