It’s now been 13 years since then Apple CEO, Steve Jobs introduced the first iPhone during Apple’s keynote address at Macworld in San Francisco. Since then, the iPhone has grown to become Apple’s biggest source of revenue. While Apple no longer makes public its iPhone sales, analysts at Bloomberg estimates the sale of the two-billionth iPhone is closer than ever.
According to the eight analysts, Apple is estimated to make around 195 million iPhone sales in 2020. Last year, Apple sold an estimated 186 million iPhone devices and adding up all the figures since the first iPhone was launched will bring total sales figure to 1.9 billion approximately.
In 2018, Apple became the first trillion-dollar company in the world. Apple’s business model is tied to its ecosystem surrounding the iPhone making it possible for the company to make huge sales on products like the Airpods; there are other business ventures such as Apple Pay, Apple Music and the App Store. Apple stopped reporting sales figures at the beginning of 2019 in order to shift investor focus away from the numbers.
Thanks to Apple’s increasing business model, analysts predict the Cupertino based company will make a record $275 billion revenue this year. The 195 million iPhone sales forecasts by the analysts will fall short of the peak years which Apple enjoyed in 2015, 2016, 2017 and 2018.