June 30, 2017
Cupertino, CA-based Apple launched sales of the first iPhone 10 years ago this week. Since then, the iPhone’s shaped the smartphone industry, and made Apple one of the most valuable companies in the world with a market cap that exceeds $760 billion.
iPhones account for nearly two-thirds of Apple’s revenue, and the company has sold more than a billion devices over a decade. Those numbers reflect how it backed up the early hype and changed technology forever.
So far, the popular and reliable product has disrupted industries such as telecom, music, TV, video, computers and communications. The game-changing iPhone created a halo effect for other products and industries, too. It spawned a tablet version (iPad), and resulted in the creation of a massive developer marketplace and online retail outlet for consumers (App Store).
The constant companion iPhone is an essential part of daily life that’s become an extension of the hands of millions.
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