In the first quarter of 2020, Apple shipped out 36.7 million smartphones worldwide.Additionally, the product’s success is said to be a major contributing factor to Apple becoming one of the most valuable publicly traded companies in the world. These features allowed users to turn phones into more than communications devices. This figure includes sales from iPhones, Mac computers, iPads, Apple TV, Apple Watch, AirPods, Beats products, HomePod, iPod touch, and Apple-branded accessories.įirst released in 2007, the iPhone revolutionized the mobile phone industry with the introduction of the touch screen and the App Store. Apple’s hardware devices accounted for $213.9 billion of the company’s net sales in 2019.Apple’s active installed base of devices has reached 1.5 billion in 2019.Moreover, Apple’s computers continue to be popular among users as well. Today, the company has expanded its product line to include mobile devices, such as the iPhone and the iPad, which have seen great commercial success. According to 2019 data, the company operates 510 Apple stores across 24 countries all over the world.Īpple’s hardware product line started with the Apple I, which was released in 1976 and built entirely by Steve Wozniak.Moreover, with a value of $959 billion, Apple is the 2nd largest company worldwide in terms of market capitalization.It’s the only tech company ranked in the top 10 of this list. The company ranks as the 6th largest public company in the world, according to Forbes.In 2018, Apple made $2 billion in revenue per employee.As of March 2020, the iPhone is Apple’s best-selling product, with a revenue of $28.96 billion.For the first quarter of 2020, the company saw a revenue of $41.4 billion in the Americas, the highest compared to regions worldwide.The company also had a net profit of $11.25 billion in the same period.In the first fiscal quarter of 2020, Apple had a revenue of $58.3 billion.The brand’s global value in 2019 amounted to $309.5 billion.Apple announced a worldwide revenue of $260.2 billion in 2019.

Here’s a more recent look at the company’s financial performance. continues to be one of the most profitable companies today. In those three years, Apple’s yearly sales grew from a little over $775,000 to $118 million.Īpple Inc. For instance, between 19, the company had an average annual growth rate of 533%. Officially incorporated in 1977, the company experienced exponential revenue growth in its first five years. started as the Apple Computer Company, founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne.

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