Apple Inc's iPhone Business: 3 Things Investors Need to Know
Apple (NASDAQ: AAPL) fundamentally redefined the concept of the smartphone with its 2007 introduction of the original iPhone. In the years following, the company has led the way in bringing significant, even game-changing features that have helped transform the smartphone into arguably the most important -- and most used -- computing device category in today's world. The iPhone, unsurprisingly, is far and away Apple's most important product category from a business and financial point of view. Today, I'd like to go over three key facts about Apple's iPhone business that current and potential investors in the company should be keenly aware of. Most of Apple's revenue and profits come from iPhone In the company's last fiscal year, the iPhone brought in approximately $155 billion in revenue out of a total of roughly $234 billion. This means that more than 66% of the company's revenue that year came from sales of iPhones. Moreover, Apple's dep