Apple’s iPhone business, which didn’t exist three years ago, now represents a whopping 40% of the company’s revenue, and has been the company’s biggest revenue generator for three quarters in a row. During the March quarter, iPhone revenue grew 124% year-over-year to $5.4 billion, or 40% of Apple’s $13.5 billion in total revenue. Because of […]
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Crazy iPhone Numbers – Now Accounts for 40% of Apple’s Revenue

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Apple’s iPhone business, which didn’t exist three years ago, now represents a whopping 40% of the company’s revenue, and has been the company’s biggest revenue generator for three quarters in a row.
During the March quarter, iPhone revenue grew 124% year-over-year to $5.4 billion, or 40% of Apple’s $13.5 billion in total revenue. Because of high profit margins on the iPhone, it’s likely Apple’s biggest profit contributor, too. (But that’s another chart.)

Yowza.  Not too shabby for a less than three year old product.  Even less shabby when considering that Apple has been doing well in nearly all areas, even during tough economic times. 

Via: Business Insider

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