The iPhone at 8: the rise of Apple’s most lucrative money making machine (infographic)

29 Jun 201522 Shares

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iPhone is Apple's cash cow - infographic

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Eight years ago the iPod music device accounted for the majority of Apple’s revenues. But on 29 June 2007 that was to change with the launch of the iPhone and, 10 iPhone models later, some 700m iPhones have been sold worldwide.

On this day eight years ago, the iPhone went on sale in the US and the history of technology was transformed forever.

In Apple’s most recent Q2 financial results in April it revealed that iPhone sales brought in US$40.3bn in revenue, with some 61.1m iPhones sold during the quarter.

Today, the iPhone, the iPad, Mac and iTunes provide the majority of Apple’s revenues.

In 2007, the iPod was responsible for 48pc of Apple’s revenues while Mac brought in 34pc. Zoom forward to 2015 and the iPhone is bringing in 69pc of Apple’s revenues, while iPod no longer gets a mention and there are questions about the device’s future.

In the first year, Apple sold 1.39m iPhones. In 2014, Apple sold almost 170.2m iPhone devices.

iphone-revenue-infographic

iPhone revenues over eight years, infographic

iPhone image at top of article via Shutterstock

Editor John Kennedy is an award-winning technology journalist.

editorial@siliconrepublic.com