The iPhone has always been Apple’s most important device, responsible for a majority of the revenue that the company brings in.
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Apple has now announced that they have sold a massive one billion iPhones since the first iPhone went on sale back in 2007.
The company sold 40.4 million iPhones from April to June, down from 47.5 million in the same quarter a year ago, Apple announced Tuesday. “Thank you to everyone at Apple for helping change the world every day”, he added. Now that Apple can open its stores in India, Tim Cook has confirmed that the development is on track, despite the global slump in iPhone sales.
Chief executive Tim Cook made the announcement during a staff meeting at the company’s California headquarters.
One of the major factors to blame for the drop in revenue is iPhone sales.
That being said, collectively hardware sales and revenue from Apple’s “Other Procucts” category totalled $42.4 billion, which is a pretty decent number.
iPhone sales may have declined for the quarter, but Apple’s still posting big numbers in the smartphone arena.
In a recent earnings report, Apple announced that it had sold 40.4 million phones in its fiscal third quarter, down from 47.5 million in the third quarter a year ago.
Gross margin was 38% compared to 39.7% in the year-ago quarter.
Samsung’s second-quarter smartphone shipments are estimated at about 72 million units, nearly doubling Apple’s iPhone shipments of 40.4 million units during the same period.
The next iPhone is set to be unveiled in September and was widely expected to be called the iPhone 7.
iPhone unit sales for the quarter fell 15% year on year to 40.4 million.
Worldwide, only Samsung sells more smart phones than Apple.
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Apple’s services business, which includes the App Store, Apple Pay, iCloud and other services, boosted revenue by 19% to almost US$6bn.
