Andre Yoskowitz
30 Jun 2013 17:18
According to a new 24/7WS report, the Apple iPhone is now the profitable product in the U.S.
Beating out long-time staples like Coke and Marlboro cigarettes, the iPhone topped the list, thanks to a huge profit margin and tens of millions of sales.
In 2012, $80.5 billion of Apple's revenue came from iPhones, and the company sold 125 million units last year, with that number expected to go up again this year.
Apple's gross margins on the iPhone are between 49% and 58%, depending on the model. The overall profit margin is around 38 to 40%, higher than the company's overall 35.3% margin.
Check the rest of the list here: Most Profitable Products