Business

Apple earned over USD 1.95 trillion from iPhone sales so far: Report

Apple earned $78.7 billion from iPhone sales five years after releasing the first iPhone.

New Delhi: Despite the apparent decline in the first three months of the year, iPhone lifetime sales still rose to shocking highs as the tech giant Apple grossed over $1.95 trillion from iPhone sales so far, a new report said on Wednesday.

ADVERTISEMENT

In the first quarter (Q1) of 2024, Apple shipped 50.1 million of its smartphones, five million less than in the same period a year ago, while iPhone sales revenue fell by almost 10 per cent to $45.9 billion, according to data presented by Stocklytics.com.

Apple earned $78.7 billion from iPhone sales five years after releasing the first iPhone.

ADVERTISEMENT

Two years later, in FY 2014, this figure jumped to $101.9 billion and continued rising, as per Statista and the official company data.

During the two years, the tech giant grossed more than $405 billion from selling iPhones, however, revenue figures declined slightly in the second quarter of FY 2024, but iPhone sales remain strong.

As per statistics, Apple grossed $115.6 billion from iPhone sales in H1 FY 2024, pushing its lifetime revenue to a whopping $1.95 trillion.

Moreover, the report mentioned that more than 2.65 billion iPhones were shipped since 2007.

ADVERTISEMENT

In 2014, Apple shipped 192.7 million of its smartphones. Ten years later, this figure jumped to 231.8 million.

ADVERTISEMENT

This post was last modified on June 5, 2024 7:51 pm

Share
Indo-Asian News Service

Indo-Asian News Service or IANS is a private Indian news agency. It was founded in 1986 by Indian American publisher Gopal Raju as the "India Abroad News Service" and later renamed. The service reports news, views and analysis from the subcontinent about the country, across a wide range of subjects.

Load more...