Apple has officially sold 3 billion iPhones since the device’s launch in 2007, as announced by CEO Tim Cook during the company’s third-quarter earnings call.
It took Apple nine years to reach its first billion iPhones sold, achieving this milestone in 2016. This means that the company sold an additional 2 billion iPhones in the following nine years, highlighting the product’s increasing popularity.
While celebrating this achievement, Apple has faced challenges in the stock market this year, falling behind Nvidia and Microsoft as the most valuable companies. However, iPhone sales exceeded expectations this quarter, providing a positive note for the tech giant.
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Sales of the iPhone, Apple’s flagship product, rose 13% year-over-year, generating $44.6 billion in revenue. This accounts for nearly half of Apple’s total revenue for the quarter, which reached $94 billion.
Despite this growth, some analysts, including Bloomberg’s Mark Gurman, suggest that the surge in iPhone sales may be temporary. Concerns over potential tariff increases under President Trump may have driven higher sales last quarter, as consumers rushed to purchase devices before prices rose.
SOURCE: TECH CRUNCH
