The iPhone was released this day in 2007.
You may remember the hype.
But there was also lots of skepticism.
Here’s more on how it played out… 🧵
You may remember the hype.
But there was also lots of skepticism.
Here’s more on how it played out… 🧵
Steve Jobs unveiled the iPhone earlier that year.
Here’s the moment you may recall:
Here’s the moment you may recall:
Also immediately, some asked why the handset market needed another device.
To which Jobs responded, “it’s a category that needs to be reinvented.”
To which Jobs responded, “it’s a category that needs to be reinvented.”
But as launch day approached, there was no shortage of skeptical headlines:
And even on launch day itself, there were reports questioning the hype:
Of course, the iPhone didn’t flop.
Apple went on to sell 1.4 million iPhones in the first year after its release.
And today, it’s estimated 1.4 million iPhones are sold every 2 days.
Apple went on to sell 1.4 million iPhones in the first year after its release.
And today, it’s estimated 1.4 million iPhones are sold every 2 days.
And Apple’s market value has risen from around $100 billion….
…to nearly $3 trillion today, making it the world’s most valuable company.
…to nearly $3 trillion today, making it the world’s most valuable company.
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