Apple (NASDAQ: AAPL) has become an iconic technology giant largely on the back of the success of the iPhone. That single product has provided more than 50% of its revenue in almost every quarter since 2012.
That's perhaps a cause for concerns for investors, simply because while the iPhone has been dominant, it's possible it could someday lose market share. Of course, a lot of companies have tried to unseat Apple and, so far, that has not happened.
Apple's CEO Tim Cook explained how well the company is doing outside of iPhone. Image source: Apple.
Source Fool.com