In Case You Had Any Doubts About Where Apple’s Revenue Comes From

In Case You Had Any Doubts About Where Apple’s Revenue Comes From

Apple’s iPhone business, which didn’t exist three years ago, now represents a whopping 40 per cent of the company’s revenue and has been the company’s biggest revenue generator for three quarters in a row.

During the March quarter, iPhone revenue grew 124 per cent year-over-year to $US5.4 billion, or 40 per cent of Apple’s $US13.5 billion in total revenue. Because of high profit margins on the iPhone, it’s likely Apple’s biggest profit contributor, too. (But that’s another chart.)

Apple’s second-biggest business is its Mac computer division, which grew 27 per cent year-over-year in the March quarter to $US3.8 billion, or 28 per cent of Apple’s overall sales.