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Wednesday, June 27, 2012

Apple’s revolutionary iPhone turns five: How it changed the world

Apple’s revolutionary iPhone turns five: How it changed the world: A few highlights:
• Five years ago, the iPhone didn’t exist. It now generates nearly $25 billion of revenue per quarter, or $100 billion per year.
• The iPhone business is now bigger than Microsoft.
• The iPhone business likely now generates at least $30 billion of profit per year (profit!).
• The iPhone has destroyed at least three huge companies in the past 5 years, and has deeply wounded others.
• The iPhone has created an entirely new industry and ecosystem.
• The iPhone has made Apple the most valuable and profitable company in the world.