Today’s blog is about the iPhone sales and how the trend has been. The iPhone hit a milestone when it turned 10 years old but the graph doesn’t look very encouraging. The iPhone sales shows a dip of 19.34 million units in fiscal year 2016.
As seen in the initial years, the growth of iPhone sales increased at a rapid rate showing an outright success story till 2015. However, the percentage growth in sales, as compared to previous year, had already started declining.
One might infer from this graph that since the iPhone sales declined in 2016, Apple faced losses. But in fact this is not true. Apple has multiple other businesses apart from iPhone. So if seen otherwise, overall Apple is doing exceptionally well. Apple reported its quarterly revenue of whopping $46.9B, making it one of the most profitable companies in the world.
Since 2017 marks the 10th birthday of the iPhone, people are eagerly waiting for the new iPhone release this year and hoping that the graph also shoots up for the new iPhone.
Source:www.apple.com/newsroom/2016/10/apple-reports-fourth-quarter-results