Apple has officially sold over 3 billion iPhones since the iconic smartphone first launched in 2007, according to CEO Tim Cook during the company’s third-quarter earnings call.
It took Apple nine years to reach its first billion iPhone sales, hitting that milestone in 2016. Since then, the company has sold another 2 billion devices — also within a span of nine years — highlighting the sustained demand and popularity of the iPhone worldwide.
Although Apple is celebrating this major achievement, it has faced some challenges in the stock market this year. The company now trails behind Nvidia and Microsoft in terms of overall market valuation. However, Apple had reason for optimism this quarter, with iPhone sales outperforming expectations.
Revenue from iPhone sales rose 13% compared to the same period last year, totaling $44.6 billion. This figure represents nearly half of Apple’s total quarterly revenue, which reached $94 billion.
Analysts note, however, that the surge in iPhone purchases might have been influenced by external factors. There’s speculation that some consumers rushed to buy devices ahead of potential price hikes linked to trade policy concerns during the previous U.S. administration.
