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5 eye-popping charts that explain Apple's dominance

Published by Business Insider on Thu, 22 Jun 2017

Theres been a ton of talk about Amazon in the media lately following the companys announcement that it will buy Whole Foods for $13.7 billion. It indeed does look like Amazon is headed towards world dominance (Warren Buffett might even agree).But for now Apple still remains on top. Its still the countrys most profitable company (with profits of ~$45 billion compared to #2 J.P. Morgan Chase and #3 Berkshire Hathaway with ~$24 billion each) and in terms of market cap (with a market cap ~$750 billion compared to #4 Amazon with ~$470 billion).The 5 charts below are incredible interesting, and help prove just how dominant Apple still is:1. THE IPHONE IS ONE OF THE BEST-SELLING PRODUCTS IN HISTORYApple launched the iPhone in June 2007, unleashing a smartphone revolution that has changed the way people work and socialize, while reshaping industries of all sorts (from music to hotels). Ten years later, the iPhone has become one of the best-selling products in history: since its launch, Apple has sold about 1.3 billion units, generating more than $800 billion in revenue.2. SINCE ITS INTRODUCTION, THE IPHONE HAS COME TO OVERSHADOW APPLE'S OTHER PRODUCTSThe iPhone now accounts for two-thirds of Apples sales, making the company now overly dependent on just one product line and overshadowing all of Apples other products. Any big stumble with the iPhone could be disastrous for Apple.However, the iPhone has also created Apples second-largest business in terms of revenue: apps and other services offerings. Since the App Store launched in 2008, app sales have generated roughly $100 billion in revenue for Apple from over 16 million app developers world-wide (Apple has historically taken a 30% cut of all App Store sales, and more recently has begun charging a $99/year subscription to developers).According to longtime Apple adviser and Steve Jobs confidant Regis McKenna, the iPhone has become the razor and the blades are the software services It creates this great annuity business.3. APPLE HAS GROWN LIKE CRAZY ACROSS NEARLY EVERY DIMENSIONAs revenue has skyrocketed, so has Apples staff.The company hired about 100,000 people in the 10-year span since the launch of the iPhone, bringing its global workforce to 116,000 from 18,000 in 2006.Apples sales from China have also grown to become a huge slice of the overall pie. In 2006, all of Asia-Pacific (excluding Japan) accounted for 7% of Apples revenue. Then when the iPhone hit Chinese shelves in 2009, it became a status symbol for Chinese consumers and took off. Last year, China alone accounted for 23% of Apples revenue or $48.5 billion, which was greater than Coca-Colas total revenue world-wide. Now, however, some analysts worry that Apple is too reliant on sales from China.See the rest of the story at Business Insider
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