With all of the news about the iPhone hitting our desks every day, it’s hard to think that there was ever a time when this device didn’t exist, yet, just a few short years ago, there was no iPhone. In fact, the iPhone only came into existence five years ago and this week, Apple will be marking a milestone for their smartphone.
Prior to the iPhone, the mobile phone business was an entirely different playing field, one that was dominated by the likes of Research In Motion with their Blackberry and Microsoft with their Windows Mobile devices. Both of these companies tried to create devices that would cater to corporate customers and the traditional form factor that RIM and Microsoft went with was tiny screens with large keyboards. When Apple came on the scene with their iPhone, the approach that they took was entirely different with the iPhone featuring a slim form factor with a 3.5-inch display screen that was touch enabled.
It didn’t take long for Apple to win fans over to its camp and on June 29th, the iPhone will celebrate its fifth birthday, having first launched back in 2007. In the 5 years that Cupertino has been selling the iPhone, more then 250 million devices have been sold around the world, generating $150 billion in revenue. Today, Apple has the highest valuation of any company, with a value of $500 billion.