Apple to Record Historic iOS Revenue, Faces Lawsuit Over iOS Apps

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Apple is close to generating $1 trillion in revenue from iOS-related products since the company announced its first iPhone device back in 2007. Apple’s total sales of iPhones and iPads, as well as its share of app sales from the App Store will reach the $1 billion mark this year.

By mid-2007, sales from the iPhone, iPad, iPod Touch, Apple Watch and Apple TV will reach $980 billion, according to a report. Add the $100 billion in iOS services revenue generated from the App Store and Apple Music subscriptions and you will get the $1 billion mark. These are just broad estimates, since Apple has never announced Apple Watch sales, making it difficult to actually calculate revenues from its products.

But just days after the company celebrated its 10-year anniversary of the original iPhone, the company is faced with a lawsuit over monopoly charges. <a href="https://www.bloomberg.com/news/articles/20… (read more)

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