Apple to hit $1 trillion in total iPhone, iOS revenue this year: report

Apple’s iPhone and the firm’s iOS operating system are surely cash cows for the Cupertino tech titan.

But exactly how lucrative have they been?

Extremely, according to a new report from market-intelligence firm Asymco. Or you might even say obscenely, given the amount of loot involved.

Asymco added up total and projected revenues for all the iOS products, over all the time they’ve been sold, including expected revenues from this year.

Total revenues from iOS products, which include iPhones (now celebrating their 10-year anniversary), iPod Touch devices, Apple Watches, iPads and Apple TV systems, will hit $980 billion by the middle of this year, Asymco reported Wednesday.

Add in $100 billion in revenue from iOS services, and “iOS will have generated over $1 trillion in revenues for Apple sometime this year,” Asymco said.

To some extent, Apple is spreading the wealth. Developers making apps for iOS have been paid $60 billion, and the money’s been flowing faster of late, with payments reaching $20 billion a year, according to Asymco. That number is in line with what Apple reported last week, with the company saying App Store developers’ 2016 earnings were up 40 percent from the year before.

 

Photo: Apple CEO Tim Cook introduces the iPhone 7 at the product launch held at the Bill Graham Civic Auditorium in San Francisco, Calif., on Wednesday, Sept. 7, 2016. (Gary Reyes/Bay Area News Group)

 

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