How the Apple iPhone became one of the best-selling products of all time

  • Apple has released 42 models of the iPhones since 2007 and now is one of the world’s most profitable companies.
  • In 2023, Apple surpassed Samsung as the world’s smartphone leader holding 20% of the global market share.
  • Apple has taken a milder approach to AI compared to Microsoft, Google and Open AI.

When Apple announced the iPhone in 2007, Steve Jobs called it a “revolutionary product” in a handset category that he said needed to be reinvented. 

Now, nearly two decades and 42 models later, the iPhone is one of the world’s most popular phones. Apple has sold over 2.3 billion units of the iPhone and has over 1.5 billion active users, according to research from Demand Sage.

The original iPhone was released in June 2007 and exclusively sold with AT&T for $499. 

Read more at: https://www.cnbc.com

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