Apple has just reached a new milestone. The Apple iPhone has reached a staggering $1.95 trillion in lifetime sales, according to data from Stocklytics.com. This achievement comes despite a recent decline in market share due to competition from Chinese brands like Xiaomi and Huawei.

Thanks to Apple‘s ability to keep its smartphone competitive with new releases and updates, the iPhone has been the tech giant’s most successful product since its introduction to the market in 2007. Since then, iPhone sales revenue has skyrocketed.

According to Statista and the official company data, five years after releasing the first iPhone, Apple grossed $78.7 billion from iPhone sales. Two years later, in FY 2014, this figure jumped to $101.9 billion and continued rising. Although the tech giant experienced several challenging years, especially in 2019 and 2020, when consumers worldwide cut their spending budgets amid the pandemic, iPhone sales practically doubled and hit record highs in 2022 and 2023. 

During those two years, Apple grossed over $405 billion from selling iPhones, the highest figures in its history. Although revenue figures dropped slightly in the second quarter of FY 2024, iPhone sales remain strong. Statistics show Apple grossed $115.6 billion from iPhone sales in H1 FY 2024, pushing its lifetime revenue to a whopping $1.95 trillion.

iPhone’s revenue share has also increased significantly over the years. For instance, in Q1 FY 2009, iPhone sales accounted for about a quarter of Apple’s total revenue. Since then, this figure has more than doubled and hit 50.64% in Q1 2024.