(The Hosting News) – Apple’s popular iPhone now accounts for half of the company’s revenue. Latest reports indicate that Apple sold over eighteen million units last quarter, thus taking in nearly twelve billion dollars in revenue. In addition, the revenue increase also accounts for all iPhone related products. The news comes after Apple recently made the iPhone available for Verizon Wireless in February.
iPhone’s revenue intake usually decreases after the holiday season. However, the quarterly figures mark the first time that the iPhone hasn’t seen a revenue drop during the March quarter.
During the last fiscal quarter of 2010, the iPhone accounted for 33% of Apple’s revenue, thus representing a 17% increase in a span of just around three months.
While sales for the iPhone have soared, Apple’s latest version of the iPad didn’t meet expectations. However, the underperformance could be partly due to production restraints. During a conference call, Apple’s Chief Financial Officer Peter Oppenheimer stated, “I’m very confident that we can produce a very large number of iPads for the quarter”.
Most recently, a report indicated that Apple will likely release the iPhone 5 in September. Apple launched the first iPhone in June of 2007 and has seen overall sales for the popular mobile device increase.
Overall, Apple devices using iOS (Apple’s mobile operating system) account for around two-thirds of Apple’s revenue. Besides the iPhone, other Apple products that run on iOS include the iPad and iPod Touch.