The iPhone is the number one product that makes a big bite of Apple’s revenue. Tim Cook proudly announced the sale of the billionth iPhone at an employee meeting in Cupertino. The device has become part of our everyday life, evident everyday when you can see it being used by so many people. Even with declining sales, competition has yet to reach such numbers. Eyes will be set on the company’s future sales as competition is ever growing and market seems saturated.
Did you know: iPhone account for 18.2 of smartphone sales but make 92 percent of the industry profits.