Nine years after Steve Jobs unveiled it before the world, Apple on Thursday said it had sold a billion of its iconic iPhones. Launched in 2007, the iPhone reinvented the mobile phone market, which, until then, was mostly dominated by bulky, non-intuitive devices.
“Apple’s base growth has been declining in the US, while it has tapered in China owing to currency valuations. India is an obvious choice for Apple to cross its next 1 billion iPhone sales,” says Sanchit Vir Gogia, Chief Analyst & CEO, Greyhound Research.
Source: The Hindu Business Line