• Cryptocurrency
  • Earnings
  • Enterprise
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact Us
TechBooky
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • African
  • AI
  • Metaverse
  • Gadgets
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Enterprise

Apple Reports It Has Now Sold Over A Billion iPhones

Paul Balo by Paul Balo
July 28, 2016
in Enterprise, Gadgets, Gaming, Software
Share on FacebookShare on Twitter

Apple has reported that it has sold its one billionth iPhone in a major milestone for a device that hit the market in less than years ago.

In a statement on its website, Apple says the “iPhone has become one of the most important, world-changing and successful products in history. It’s become more than a constant companion. iPhone is truly an essential part of our daily life and enables much of what we do throughout the day,” said Cook. “Last week we passed another major milestone when we sold the billionth iPhone. We never set out to make the most, but we’ve always set out to make the best products that make a difference. Thank you to everyone at Apple for helping change the world every day.”

one billionth iphone

Tim Cook holds the billionth iPhone at an employee meeting in Cupertino. Source: Apple

This comes as the company now looks beyond the device as its main source of revenue even as revenue from the device lost its 13 year steam as seen in the second quarter earnings results as provided by Apple. This is quite remarkable though for a device that has mostly maintained its high profit margins over the years even as costs of manufacturing continued to drop over the years in markets where Apple assembles its products. Besides the cost of labour, there’s also the cost of parts which is relatively low as well. For example, Apple reportedly spends $236 to make each iPhone 6s Plus device and sold it for $749. I’ll leave you to do the math on the profit on each device sold. But in the iPhone SE though, it considerably reduced the price of its flagship device to maintain its loyal user base who might be considering other devices that offering nearly the same functionalities at lower costs.

Related Posts:

  • IMG_4423
    Everything You Need to Know About Apple’s “Glowtime”…
  • Apple-iPhone-16-Pro-hero-geo-240909-lp.jpg.landing-big_2x
    Report: iPhone 16 Pro Max Parts Cost 7% More Than…
  • iOS-17
    The iOS 17 Arrives On Monday 18th September, Here…
  • Apple-iPhone-16-Apple-Intelligence-240909_big.jpg.large
    Apple Verifies That All iPhone 16 Has 8GB of RAM
  • Apple Reports A Better Than Expected Q2 2023…
  • Apple-logo
    Apple’s Q4 Earnings Shows Revenue Beat, Tax Charge…
  • 068BjcjwBw0snwHIq0KNo5m-15
    PayPal Enables NFC iPhone Payments in Germany…
  • Apple-logo
    Apple's Revenue Rises, But Misses iPhone Sales…

Discover more from TechBooky

Subscribe to get the latest posts sent to your email.

Tags: AppleBazaargadgetiphonesalesshopping
Paul Balo

Paul Balo

Paul Balo is the founder of TechBooky and a highly skilled wireless communications professional with a strong background in cloud computing, offering extensive experience in designing, implementing, and managing wireless communication systems.

BROWSE BY CATEGORIES

Select Category

    Receive top tech news directly in your inbox

    subscription from
    Loading

    Freshly Squeezed

    • AI Helps Google One Reach 150 Million Subscribers May 16, 2025
    • FT Lists Paymenow, TymeBank & Omnisient Among Africa’s Fastest-Growing Firms May 16, 2025
    • MoonPay and Mastercard Partner to Advance Stablecoin Payments May 16, 2025
    • Google Gemini Advanced Users Can Now Link to GitHub May 16, 2025
    • TikTok Accused of Violating EU Internet Content Rules May 15, 2025
    • Activists and Users Criticize NCC & Telcos Over Customer Penalties May 15, 2025

    Browse Archives

    May 2025
    MTWTFSS
     1234
    567891011
    12131415161718
    19202122232425
    262728293031 
    « Apr    

    Quick Links

    • About TechBooky
    • Advertise Here
    • Contact us
    • Submit Article
    • Privacy Policy

    Recent News

    AI Helps Google One Reach 150 Million Subscribers

    AI Helps Google One Reach 150 Million Subscribers

    May 16, 2025
    FT Lists Paymenow, TymeBank & Omnisient Among Africa’s Fastest-Growing Firms

    FT Lists Paymenow, TymeBank & Omnisient Among Africa’s Fastest-Growing Firms

    May 16, 2025
    MoonPay and Mastercard Partner to Advance Stablecoin Payments

    MoonPay and Mastercard Partner to Advance Stablecoin Payments

    May 16, 2025
    Google Gemini Advanced Users Can Now Link to GitHub

    Google Gemini Advanced Users Can Now Link to GitHub

    May 16, 2025
    TikTok Accused of Violating EU Internet Content Rules

    TikTok Accused of Violating EU Internet Content Rules

    May 15, 2025
    Activists and Users Criticize NCC & Telcos Over Customer Penalties

    Activists and Users Criticize NCC & Telcos Over Customer Penalties

    May 15, 2025
    • Login

    © 2021 Design By Tech Booky Elite

    Generic selectors
    Exact matches only
    Search in title
    Search in content
    Post Type Selectors
    • African
    • Artificial Intelligence
    • Gadgets
    • Metaverse
    • Tips
    • About TechBooky
    • Advertise Here
    • Submit Article
    • Contact us

    © 2021 Design By Tech Booky Elite

    Discover more from TechBooky

    Subscribe now to keep reading and get access to the full archive.

    Continue reading

    We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it.Ok