Apple gains USD 14Billion from Repair and Maintenance for iPhones !

Apple gains USD 14Billion from Repair and Maintenance for iPhones !

Believe it or not, when come to repair and maintenance of smartphone, Apple is making a good profit on it. Referring to Square Trade Report, the data shows in the duration time of 10 years since launching of the iPhone, the maintenance and repair cost of iPhone hit as high as 14 billion US dollars. The screen damage contribute the most to the chart as iPhone 5c being the most vulnerable to the screen damage.

In the Square Trade report, the last 10 years Apple iPhone repair costs accumulated at a conservative estimation of 14 billion US dollars. In the maintenance and repair services, 47% of the iPhone repair were screen damage, the most screen damaged device belong to the iPhone 5c, and the most resistant models is the iPhone 5s. The latest Apple phone iPhone 7/7 Plus is among the popular device archiving alarming statistics of screen damaged. An interesting fact that every 2 seconds there is an iPhone faces screen damage.

In the past, Apple reluctant to announce the profits earned from the iPhone maintenance and repair. However, according to Square Trade statistics shows big amount of money earned though this segment, understandable that Apple reluctant to authorize third-party iPhone repair. As the demand increase, Apple finally prepared to implement an open third-party maintenance manufacturers to repair the iPhone in United States. This project is expected to build 400 base by the end of 2017.

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