The first iPhone was put on sale by Apple Inc AAPL 15 years ago. At the time, the phone was introduced by the tech giant’s co-founder Steve Jobs, it was touted as a combination of a widescreen iPod with touch controls, a revolutionary phone, and a breakthrough internet communicator.
See Also: How To Buy Apple (AAPL) Shares
Today the iPhone is Apple’s mega revenue driver. The now Tim Cook-led company shipped over 56 million units in just the first quarter of 2022.
Statista data reveals that since the iPhone was released, its market share has fluctuated between 10 to 20% cent in recent years. By the third quarter of 2021, iPhone sales made up 15.2% of the total global smartphone sales.
Had an investor decided to invest $100 on the day Apple put the first iPhone on sale on June 29, 2007, here's how much they would have now.
|Investment||Date Of Purchase/Listing||Purchase Amount||Purchase Price||Units/Shares Obtained||Worth Today||Percentage Change|
|Apple Stock||June 29, 2007||$100||$3.73||26.80||$3,732.71||3632.71%|
The $100 investment would today be worth a whopping $3,732.71, a gain of almost 3,633%. The calculations have taken into account Apple stock splits.
Photo via DMstudio House on Shutterstock
© 2022 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ad Disclosure: The rate information is obtained by Bankrate from the listed institutions. Bankrate cannot guaranty the accuracy or availability of any rates shown above. Institutions may have different rates on their own websites than those posted on Bankrate.com. The listings that appear on this page are from companies from which this website receives compensation, which may impact how, where, and in what order products appear. This table does not include all companies or all available products.
All rates are subject to change without notice and may vary depending on location. These quotes are from banks, thrifts, and credit unions, some of whom have paid for a link to their own Web site where you can find additional information. Those with a paid link are our Advertisers. Those without a paid link are listings we obtain to improve the consumer shopping experience and are not Advertisers. To receive the Bankrate.com rate from an Advertiser, please identify yourself as a Bankrate customer. Bank and thrift deposits are insured by the Federal Deposit Insurance Corp. Credit union deposits are insured by the National Credit Union Administration.
Consumer Satisfaction: Bankrate attempts to verify the accuracy and availability of its Advertisers' terms through its quality assurance process and requires Advertisers to agree to our Terms and Conditions and to adhere to our Quality Control Program. If you believe that you have received an inaccurate quote or are otherwise not satisfied with the services provided to you by the institution you choose, please click here.
Rate collection and criteria: Click here for more information on rate collection and criteria.