Apple to Record Historic iOS Revenue, Faces Lawsuit over iOS Apps

Apple is close to generating $1 trillion in revenue from iOS-related products since the company announced its first iPhone device back in 2007. Apple’s total sales of iPhones and iPads, combined with its share of app sales from the App Store, will reach the $1 billion mark this year.

By mid-2007, sales from the iPhone, iPad, iPod Touch, Apple Watch and Apple TV will reach $980 billion, according to a report. Add the $100 billion in iOS services revenue generated from the App Store and Apple Music subscriptions, and you will get the $1 billion mark. These are just broad estimates, since Apple has never announced Apple Watch sales, making it difficult to actually calculate total revenue from its products.

But just days after it celebrated the 10-year anniversary of the original iPhone, the company is faced with a lawsuit over monopoly charges. <a href="https://www.bloomberg.com/news/articles/2… (read more)

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Juniya Sankara

Juniya Sankara

A web developer, programmer, MacOS fanatic. I also love comic books, sports and I enjoy researching history facts. My role on MacHeat.com is to make sure everything works 24/7.