3 Reasons Apple's iPhone Sales Can Keep Growing in 2022

In this day and age, a person can barely wake up without reaching for a smartphone. And in the U.S. it's highly likely that the device is an iPhone. According to Statista research conducted in March of this year, more than 113 million smartphone users own an iPhone.

Thanks to many of those users, Apple (NASDAQ: AAPL) just reported its biggest year of iPhone sales in history. The tech giant brought in nearly $192 billion in revenue from its smartphone line over the past year. But 2022 could be even bigger for Apple. Here are three reasons why.

There are now over 1 billion iPhones in use around the world, Apple CEO Tim Cook shared during the company's first-quarter earnings call in January. That's a substantial user base that will replace their phones regularly.

Source Fool.com