On this day in history, June 29, 2007, the first Apple iPhone was released, changing the smartphone space forever. The phone sold for $600 and had people camped outside retail stores to buy it.
Apple’s revolutionary iPhone first went on sale on this day in history, June 29, 2007, at Apple retail stores nationwide. All 164 Apple retail stores in the U.S. stayed open until midnight that evening so that eager customers could purchase up to two iPhones on a 'first-come, first-served basis,' according to a press release by Apple on that date. First announced on Jan.
Apple is one of the most influential brands in the world and is responsible for the rise of the smartphone with the iPhone, according to The Business of Apps, which noted, 'Valued at over $2 trillion in 2021, it is also the most valuable technology company in the world.' With over 2.3 billion units sold since 2007, Apple has taken the top spot in the global smartphone market. Apple generated $394.3 billion revenue in 2022, with 52% coming from iPhone sales, the same site reported.
Additionally, with over 2.3 billion units sold since 2007, Apple took the top spot in the global smartphone market, with a 27.71% market share in the first quarter of 2023, according to website Bank My Cell. As of June 2024, iPhone sales still generate around 55% of the company's total revenue, according to The Motley Fool.
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