Since the introduction of the first iPhone 13 years ago, it has grown to become Apple’s most important product. In fact, the vast majority of Apple’s revenue comes from iPhones. Apple’s iPhone line is now close to a new milestone – its two-billionth sale.
According to various market analysts, Apple is close to making its two-billionth sale. The analysts also believe that it can happen this year. There was a forecast of 186 million sales during the 2020 fiscal year. However, it appears that the Cupertino-based company is on track to sell up to 195 million units. This is mainly thanks to the good holiday sales.
Over the past few years, iPhone sales have generally declined. This is partly due to the rise of brands with much cheaper phones, especially in China. Xiaomi, Vivo, and Oppo are some of such brands. There is also still the competition from Samsung. However, iPhones still remain responsible for the majority of Apple’s revenue.
With Apple bringing the cheaper iPhone 9 soon and with the company also introducing its first 5G phones in 2020, we may see iPhone sales growing fast again. In fact, sales may even hit the two-billion-dollar mark faster than expected.