Apple has bought three billion iPhones for the reason that product was launched in 2007, Apple CEO Tim Cook dinner stated Thursday through the firm’s third-quarter earnings name.
It took Apple 9 years to promote the billionth iPhone, a milestone the corporate reached in 2016. This suggests that Apple bought two billion between 2016 and now — additionally a nine-year interval — marking the product’s rising reputation.
Whereas Apple celebrates three billion iPhones bought, the corporate has struggled a bit within the inventory market this 12 months, because the tech large fell behind Nvidia and Microsoft because the market’s most extremely valued companies. So maybe a much bigger trigger for celebration at Apple is that its iPhone gross sales had been stronger this quarter than anticipated.
Gross sales of the iPhone, Apple’s hottest product, are up 13% year-over-year, producing $44.6 billion in income, in line with info shared on the earnings name. That’s almost half of all the firm’s complete income this quarter, which reached $94 billion.
This uptick in iPhone gross sales is perhaps non permanent, although. Apple knowledgeable and Bloomberg managing editor Mark Gurman mused the corporate might have bought extra iPhones final quarter over fears that President Trump’s tariff plans would exponentially improve costs in the US.
