Will Apple's IPhone X Push IPhone Sales To Over $1Trillion?
Zacks Investment Research | Sep 11, 2017 10:45PM ET
Apple Inc.’s (NASDAQ:AAPL) flagship offering, iPhone could surpass $1 trillion in sales by the end of 2018 bolstered by iPhone X, per a report by TheStreet, which quoted research firm Strategy Analytics.
The revolutionary iPhone, released first in June 2007, had changed the world forever and catapulted Apple to new highs. Apple co-founder and the then CEO Steve Jobs had said that iPhone was a blend of three devices, namely, a "widescreen iPod with touch controls", a "revolutionary mobile phone" and a "breakthrough Internet communicator". The original iPhone was powered by an ARM-based 1176JZ (F)-S processor and had a PowerVR MBX Lite 3D graphics chip. It had a 1400mAH battery.
Upon release, the phone received terrific response. The success of iPhone over the last decade is well chronicled. Reportedly, Apple has sold over 1.2 billion iPhones across the globe earning over $760 billion in revenues.
Valuation Could Also Hit $1 Trillion
Since the first iPhone release, Apple shares have skyrocketed compared with the Zacks Investment Research
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