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In January 2012, Apple reported its best quarterly earnings ever, with 53% of its revenue coming from the sale of 37 million i Phones, at an average selling price of nearly 0.

The average selling price has remained fairly constant for most of the phone's lifespan, hovering between 2 and 0.

On September 12, 2012, Apple announced the i Phone 5.

The device comes with the same 326 pixels per inch found in the i Phone 4 and 4S.

The i Phone 5 has the So C A6 processor, the chip is 22% smaller than the i Phone 4S' A5 and is twice as fast, doubling the graphics performance of its predecessor.

Apple has released eleven generations of i Phone models, each accompanied by one of the eleven major releases of the i OS operating system.

The original first-generation i Phone was a GSM phone and established design precedents, such as a button placement that has persisted throughout all releases and a screen size maintained for the next four iterations.

Other functionality, such as video games, reference works, and social networking, can be enabled by downloading mobile apps.

As of January 2017, Apple's App Store contained more than 2.2 million applications available for the i Phone.

The i Phone 6S was introduced the following year, which featured hardware upgrades and support for pressure-sensitive touch inputs, as well as the SE—which featured hardware from the 6S but the smaller form factor of the 5S.

In 2016, Apple unveiled the i Phone 7 and 7 Plus, which add water resistance, improved system and graphics performance, a new rear dual-camera setup on the Plus model, and new color options, while removing the 3.5 mm headphone jack found on previous models.

The device is 18% thinner than the i Phone 4S, measuring 7.6 millimetres (0.3 in), and is 20% lighter at 112 grams (4 oz).

On July 6, 2013, it was reported that Apple was in talks with Korean mobile carrier SK Telecom to release the next generation i Phone with LTE Advanced technology.

The i Phone 8 and 8 Plus were released in 2017, adding a glass back and an improved screen and camera.

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