Apple (AAPL) is one of the most recognized names in consumer electronics. The company has acquired a formidable reputation as a manufacturer of cutting-edge consumer technology, and has recorded stellar growth with its revolutionary products.
The company banks heavily on sales of its popular handheld devices, the iPhone and the iPad; and while legacy products like personal computers, portable music players and related software remain in the company’s portfolio, they have taken a backseat in terms of their contribution to the company’s topline.
The company generates more than 50% of its revenues from sales of the iPhone – a coveted product ever since it revolutionized the mobile phone industry. In 2007, the year it was unveiled, the company sold 1.4 million units of the iPhone. As of 2013, more than 150 million have been sold.
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