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Wednesday, June 27,2012

Five years later, iPhone revenue hits $150 billion

Apple's iPhone has been a sales juggernaut since its launch. And a new study from research firm Strategy Analytics seems to drive that point home.

Since the iPhone's launch in June 2007, Apple has generated cumulative revenues of $150 billion, according to Strategy Analytics. Neil Shah, senior analyst at Strategy Analytics, told CNET in a phone conversation today that the number only includes hardware sales. Accessories, apps, and software and services, which typically represent 3 percent to 5 percent of Apple's iPhone revenue each quarter, were factored out.

Moving on to hardware units, Strategy Analytics said that 250 million iPhones have shipped globally.


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