Apple sells its billionth iPhone

Apple on Wednesday announced that it has sold its billionth iPhone. The original iPhone went on sale on June 29, 2007.

The news, which comes a day after the Cupertino giant announced its quarterly earnings for the third quarter of fiscal year 2016. In its latest quarter, Apple sold 40.4 million iPhone devices.

Hitting a milestone of 1 billion phones is impressive, especially when one considers that Apple sold its 500 millionth iPhone in March 2014. It sold its 700 millionth iPhone in March 2015. 

Apple's sales rate in iPhones has undoubtedly been helped by the increase in iPhone sales in crucial markets, such as China. Read more...