Apple is one of the most notable companies in the world. The company is responsible for its huge success by utilizing innovative ideas and presenting them to the market at a price that is attractive to most users.
Apple has been able to do this by setting its flagship product, the iPhone, at a selling price that is sustainable for consumers.
The company has also garnered billions of dollars in revenue as a result of its success in this area.
Apple is popular for many reasons, and one of the main reasons is the company’s success with the iPhone and iOS. But is the iPhone just a fad, or will it live on for years? Well, to answer this question, we have to have a glance at the quarterly breakup of iPhone sales.
In this article, we will be looking at the quarterly failure/collapse of iPhone sales in 2022. After that, we will conclude and see if we can answer the question above. Let’s begin!
What is the Quarterly Breakup for iPhones?
The quarterly breakup of iPhone sales is an area that some analysts, investors, and Apple fans are interested in. These quarterly breakups help one determine if the iPhone will live on for years to come or not.
Apple Reports First Quarter Breakup Results
Apple aimed to sell over 300 million iPhones in 2022. But, it could sell only 150 million iPhones. It was in the mid of 2007 that Apple launched its first iPhone.
iPhone, now, has been in the smartphone market for nearly 15 years. And for so long, the iPhone has remained one of the most approved cell phones in the world.
Note that overall, Apple has a poor record for predicting its iPhone’s sales plans. Why? Because Apple still sold 150 million iPhones less than what it aimed to!
iPhone Sales
Recently, Apple reported the first quarter of its financial earnings. While it is true that this report wasn’t as strong as they had been expecting. Nevertheless, there was some good news that came out with the earnings.
For example, despite iPhone sales being flexible, iOS users are still growing by leaps and bounds. The iPhone remains one of the best (if not the best) selling products on Apple’s store for the most part.
Apple iPhone Revenue
The success stories of the Apple iPhone in the smartphone industry are known to all. In the first quarter of 2022, the market share of Apple iPhone compared to new smartphone sales was 18 percent.
Apple has never been a failure in keeping its product competitiveness. How? Mainly via its new releases and updates.
Apple iPhone’s Quarterly Breakup: 2021 & 2022
In 2022 alone, Apple reported having sold over 150 million iPhones. With such a marvelous profit, Apple again grabs the position of ‘leading smartphone manufacturer.’ For Q1 of 2022, Apple reported having sold over 1 million iPhones.
The most recent data about Apple’s sales reveals that Apple has more than 1.8 billion active Apple devices globally. More than 1 billion Apple users are iPhones.
iPhones constitute a remarkable ratio of Apple’s revenue. The smartphones make a total of 205,489 billion USD in revenue in 2022.
Now, talking about Apple’s iPhones alone, it generates 42.63 billion U.S. dollars in revenue. This data is as per the fourth quarter of its 2022 fiscal year.
So, it won’t be wrong to conclude that Apple iPhone is one of the major success stories in the smartphone industry.
The success story of iPhones in the market is quite famous. The high sales and loyal iPhone users never fail to support Apple. It’s very interesting to examine iPhone’s success story.
By the third quarter of 2022, up to 51.9 million iPhone units will be shipped. But, the number revealed a 5.97% decrease from the first quarter of 2021.
Soon after the 3rd quarter, Apple went through a sudden increase in its. And by the time it reached the 4th quarter, shipments touched over 84 million units. Now, that’s the key statistics of 2021. Let’s see the quarterly break up of iPhones in 2022.
On January 27, 2022, Apple announced the financial results for 2022’s first quarterly revenue. The first quarter ended on December 25, 2021.
Apple reported having generated an all-time revenue record of $123.9 billion. This revenue is extended by 11 percent year over year.
After having eyed the first quarter’s record results, Apple’s CEO, Tim Cook, presented his gratitude. Apple was very gratified to see the response from customers throughout the world.
On April 28. 2022, Apple announced the financial results for 2022’s second quarterly revenue. Apple reported having generated a March quarter revenue worth $97.3 billion.
This revenue is up 9 percent year over year. July 28, 2022 – on the third quarter, Apple made a quarterly revenue record of $83.0 billion.
Apple’s revenue for the quarter ending September 30, 2022, was $90.146B. And this amount is an 8.14% increase year-over-year. Finally, on September 30, 2022, Apple’s revenue for the twelve months came to an end.
Apple’s iPhone was reported to generate a total of $394.328B, a 7.79% increase year-over-year. For 2022, Apple’s annual revenue summed up to $394.328B. And this annual revenue is a 7.79% increase from 2021.
What is the percentage of iPhone for Apple’s total revenue in 2022?
It’s approximately 47 percent. Per the records and data reported on Nov 11, 2022, iPhone sales made up approximately 47 percent of Apple’s total revenue.
This percentage had been foregrounded in the fourth quarter of the company’s fiscal year 2022.
iPhone is Apple’s most successful product, and this is yet again proved in 2022. iPhone sales remain strong. In 2022 alone, iPhone produced half of Apple’s revenue.
So, it won’t be wrong to conclude that iPhone is Apple’s primary source of revenue & benefits.
Conclusion
So, that’s all about the quarterly breakup of iPhone sales. It is clear that Apple iPhone is alive and shall be alive in the smartphone industry for the long run.
With the sales of iPhones in 2022 being stable, we can conclude that Apple is a brilliant smartphone manufacturer as well as a company. Let’s wait and see what Apple has in store for us this time in the future.
