iPhone estimated to have generated $150 billion in revenue globally
Apple's iPhone launched five years ago this week and to say it has been successful is an understatement. Based on a Strategy Analytics report cited by AppleInsider, Apple has shipped 250 million iPhones cumulatively worldwide and has generated US$150 billion in revenue from these shipments.
"The iPhone portfolio has become a huge generator of cash and profit for Apple," said Neil Mawston, executive director at Strategy Analytics. He adds, "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 now is one of the top smartphone manufacturers and among the top three mobile phone makers worldwide. Last quarter alone, the company shipped 35 million iPhones and this number may increase as Apple expands its business in Asia and other emerging markets.
