iPhone made $150 billion in revenue, says analyst

Posted on Jun 28 2012 - 8:49am by Julius

It has been almost five years since the world was shocked with the unveiling of the iPhone, and according to an analyst, the world’s first ever “smart” phone has generated a very impressive $150 billion in revenue since day one.

This encompasses all models of the iPhone launched, including the first ever iPhone, iPhone 3G, iPhone 3GS, iPhone 4 and the latest iPhone 4S. According to Neil Mawson, executive director at Strategy Analytics and Neil Shah, senior analyst at Strategy Analytics, Apple has shipped around 250 million iPhone units globally.

“Apple’s first iPhone was launched commercially in the United States on June 29, 2007,” said Neil Shah in a press release. “Between June 2007 and June 2012, we estimate the iPhone family of models has generated $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.”

Mawson said that Apple will be facing a tougher battle in the next five years due to the high level of subsidies that mobile carriers spend on the iPhone, and with the expansion of Samsung’s Galaxy portfolio.

Since the release of the iPhone, the company has created a cult following, with millions of people going crazy over Apple’s latest smartphone offering. Now, rumors claim that the next iPhone (iPhone 5) will have a larger screen and a different design from the current model.

Do you think the iPhone will still be at the top of the smartphone market in five years?

 

via: Forbes

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