Apple Sells $20.4 Million in iPhones Every Hour<\/strong><\/h3>\n\n\n\nIn the tech space, no single company matches Apple across all categories. While Google, Samsung, and Microsoft are all strong rivals in their own domains, only Apple combines hardware, software, and services into a fully integrated ecosystem. For nearly twenty years, the iPhone has been Apple`s crown product, generating trillions of dollars in revenue.<\/p>\n\n\n\n
Although the iconic smartphone has been on the market since 2007, its sales have skyrocketed in the past four years. Thanks to premium features like top-quality cameras and powerful chips, and seamless updates, iPhone users became hooked to their devices, fuelling steady revenue growth. The iPhone’s rising popularity in markets like India further boosted sales, pushing its revenue to record highs, far above any other segment of Apple’s business. The company’s official data show just how big that difference is.<\/p>\n\n\n\n
In the three months ending June 29, Apple grossed a whopping $96.4 billion, ranking third among the GAFAM giants. Nearly half of that value, or $44.6 billion, came from iPhone sales. This figure is even more impressive when broken down into smaller time scales. Based on its quarterly revenue, Apple grossed $20.4 million per hour, $340,000 per minute, and mind-blowing $5,670 per second from the iPhone alone. To put that in perspective, Apple made in just eight seconds from iPhone sales what the average US worker makes in a year, around $50,000.<\/p>\n\n\n\n
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