Home » Apple grossed $1.65 trillion from iPhone sales in the past decade

Apple grossed $1.65 trillion from iPhone sales in the past decade

by Simon Jones Tech Reporter
19th Feb 24 11:04 am

Apple’s iPhone has had a fantastic year in 2023, overtaking Samsung’s throne and becoming the most-used smartphone worldwide.

Last year alone, Apple shipped 235 million iPhones worldwide, while 35% of all smartphone users owned the device. These impressive figures have helped iPhone cumulative sales revenue hit record highs.

According to data presented by AltIndex.com, Apple grossed a whopping $1.65 trillion from iPhone sales in the past decade.

Since its introduction to the market in 2007, the iPhone has been a crucial product for Apple, with its share in the company’s revenue constantly growing.

Most of its accomplishments can be attributed to Apple’s ability to keep its smartphone competitive and deliver the right combination of user experience and status symbol appeal.

In Q1 FY 2009, iPhone sales accounted for about a quarter of Apple’s total revenue. This figure jumped to 58% in the first quarter of FY 2024. In terms of sold units, Apple went from 153.4 million in 2013 to 235 million in 2023, showing a 53% increase in a decade.

According to Statista and the official company data, iPhone annual sales revenue has practically doubled in the past ten years. In FY 2014, the tech giant grossed $101.9 billion from iPhone sales. Four years later, this figure increased to $166.2 billion. After a considerable revenue drop in FY 2019 and FY 2020, when consumers worldwide cut their spending budgets amid the pandemic, iPhone sales jumped by almost 40% year-over-year and hit $191.9 billion in FY 2021.

Still, that was nothing compared to 2022 and 2023, the record years for iPhone sales. During the two years, Apple grossed over $405 billion from selling iPhones, the highest figure to date. Although revenue figures slightly dropped in the first quarter of FY 2024, iPhone sales still brought in almost $70 billion, pushing the total ten-year revenue to a whopping $1.65 trillion.

Besides practically doubling its revenue, iPhone annual shipments also jumped by 53% in the past decade. Back in 2013, Apple shipped 153.4 million iPhones. By 2013, this figure jumped to 231.5 million, the second-highest figure in the past ten years.

Although iPhone sales considerably dropped between 2014 and 2019, falling to 190.6 million units, global demand for Apple’s smartphones started rising again in 2020 and has been doing so ever since.

After reaching 206.1 million in 2020, iPhone shipments jumped to 234.0 million in 2022 and then hit an all-time high of 235 million last year. This pushed Apple’s total iPhone shipments in the past decade to a whopping 2.3 billion. In comparison, its biggest rival, Samsung, shipped 800 million more smartphones in this period.

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