iPhone and Financial Contribution to Apple Revenue- iPhone still become the major revenue contributor of revenue to Apple Inc. As a one of most popular smartphones, iPhone still become the most searched smartphones in the world from time to time. Many people always wait the new products and its new technology around iPhone that makes it difference to others. From Steve Jobs until Tim Cook, iPhone still become the leading product of Apple Inc.
Historically, iPhone was firstly introduced on January 7th, 2007. It was the new breakthrough technology of Smartphone. At that time, Apple in the rebuilding era of company under the guidance of Steve Jobs after leaving the company for so long. The comeback of Steve Jobs makes this company found its identity with new breakthrough technology. One of those breakthroughs is the iPhone.
Since its introduction in 2007, the sales of iPhone increased from time to time. It can be one of the most popular Smartphone in the World. The Journey of iPhone still in good trend. Until 2023, many series of iPhone have launched from the iPhone, iPhone 3, iPhone 4 until iPhone 14 and many people still trust in this product.
Financially, iPhone still become the financial contributor in boosting Apple Inc revenue. In the year of 2022, Apple still become one of the biggest company in the World with total assets around 352 billion US Dollars and gained the revenue around 394 billion US Dollar and net income in 2022 around 99 billion US Dollars.
Based on the Financial contribution of each product, iPhone still become the major contributor of Apple Inc. iPhone can contribute around 50%-52% of Apple’s revenue/net sales in 2022, 2021, and 2020. Apple service is in the next position with contribution around 20% to Apple’s revenue. Mac and iPad is in the next position with contribution around 10% and 7% to Apple’s revenue, respectively. The sales of iPhone in 2020 is about $ 137 billion and it always increased into $ 191 billion in 2020, $ 205 billion in 2021. All of the data was obtained from Annual Report of the company in 2022.
Based on the geographical regions, iPhone and other product and services have the biggest market shares in America region. The sales of iPhone and other apple products and service around 124 billion in 2020, 153 billion in 2021, and 169 billion in 2022. Europe region in the second place as a contributor of Apple revenue with the sales around $ 68 billion in 2020, $ 89 billion in 2021, $ 95 billion in 2022. China is the next contributor with sales around $ 40 billion in 2020, $ 68 billion in 2021, and $ 74 billion in 2022. Meanwhile, Japan contributed $ 21 billion in 2020, $ 28 billion in 2021, and $ 29 billion in 2022.
Bibliography of iPhone and Financial Contribution to Apple Revenue
Apple. 2023. Apple Annual Report 2022. Accessed via https://investor.apple.com/investor-relations/default.aspx on March 22nd, 2023.