The above graph represents the worldwide Apple revenue by year, starting from fiscal 1990 to 2019. In fiscal 2018, Apple posted its highest-ever annual revenue of $265,595 million, globally, with an impressive 16% YoY growth. The growth was led by the first quarter when Apple’s quarterly revenue clocked about $88,293 million. However, Apple’s global revenue in fiscal 2019 declined nearly 2% YoY, to $260,174 million.
Growth in Apple Annual Revenue: History
|Source||Apple’s official Reports, SEC Filings|
|Note||Apple financial year starts from October 1|
It is important to note that Apple generates a majority of its revenue and earnings from its international operations. In fiscal 1993, the company posted annual revenue of $7,977 million (~ 8 billion), with a year-over-year increase of 12.6%. After two years, in fiscal 1995, the company achieved $10 billion annual revenue milestone for the first time. However, after that, the annual revenue started declining till fiscal 2005 when it again crossed $10 billion mark. Apple generated $13,931 million ($13.9 billion) in fiscal 2005, registering 68% YoY growth.
It was the first time in fiscal 2010 when Apple annual revenue crossed $50 billion mark. The revenue increased a whopping 52% YoY to $65,225 million ($65.2 billion), globally.
In fiscal 2015, Apple annual revenue crossed $200 billion mark for the first time in history. The company generated $233,715 million ($233.7 billion) in revenue, with a whopping 28% YoY growth.
About Apple Inc: Additional Information
Apple Inc. (NASDAQ: AAPL) was founded on April 1, 1976, by Steve Jobs, Steve Wozniak, and Ronald Wayne. The company is popularly known for its line of smartphones called iPhones. Apart from iPhones, the Cupertino giant develops and sells iPad, Macbooks, iPod, Apple Watches, Apple TV, HomePod, and some other online services.
Apple’s first product was Apple I, a desktop computer that was designed and hand-built entirely by Steve Wozniak.
On December 12, 1980, Apple went public, by selling 4.6 million shares at $22 per share.
On January 9, 2007, Steve Jobs unveiled the first generation of iPhone at the Macworld 2007 convention, in San Francisco. However, it was launched on June 29th in the United States, at the price of $499 for the 4GB model and $599 for the 8 GB model. After the initial hiccups, the worldwide sales of iPhone skyrocketed from fiscal Q4 2008, when Apple recorded nearly 9X jump in the sales of the iPhone.
After 10 years, in September 2017, Apple Inc. celebrated its 10th anniversary of iPhone by launching its most-expensive, most-innovative iPhone X, along with iPhone 8 and 8 Plus.
With a brand value of $205.5 billion, Apple tops the list of World’s Most Valuable Brands 2019 by Forbes, for the ninth year in a row.
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