According to recent reports, Apple has made over $6.5 billion USD in profit by no longer providing chargers and earphones with its latest iPhone models.
The concept was introduced back in 2020 as a means of reducing waste and lowering carbon emissions. While Apple’s decision has been praised by environmentalists, financial experts have questioned this move.
Though consumers do not receive the accessories, the products are promised to feature upgraded hardware and be of higher quality in general.
With both the earphones and chargers retailing for $19 USD each, Apple is saving approximately $35 USD per device since these items are usually cheaper to produce.
Both earphones and charging adapters retail for $19 each. These items are typically far cheaper to produce, and experts argue that Apple is saving around $35 per device. Since making the switch, Apple has sold over 190 million iPhones. Removing these accessories has also allowed for smaller packaging, which lets more iPhones fit on a pallet. This also generated more profit for the company. All told, these new ideas and packaging have generated an estimated $6.5 billion for the company.
The removal of these accessories also means smaller packaging, thus contributing to the overall growing profit of the company.