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Apple CEO Tim Cook tells employees during a meeting Wednesday that Apple sold its billionth iPhone last week.
AppleThe iPhone isn't even 10 years old, but its impact on the tech industry, and Apple itself, has been huge. Now it's reached a new milestone.
Apple said it shipped its billionth iPhone last week. Apple CEO Tim Cook announced the milestone during an employee meeting Wednesday, and the company then noted the news in its online newsroom.
"We never set out to make the most, but we've always set out to make the best products that make a difference," Cook said.
The new record marks the latest accomplishment for the Cupertino, Califoia, company, whose big bet on the device's success nine years ago went on to help it remake the technology industry and tu Apple into the world's most highly valued company. Some of the globe's largest firms are now powered by apps that are designed for the iPhone, as well as the devices made to compete with it that are powered by Google's Android software.
The iPhone has also helped power other Apple products, including the iPad tablet and Apple Watch, though none of them has reached the breadth of sales the iPhone enjoys.
But how Apple will get to the next billion is still unclear. The company may finally have found a limit to iPhone sales increases, though if rumors of a revamped device for next year's release are true, that could drive growth again.
Meanwhile, Apple on Tuesday reported its second consecutive decline in iPhone sales. Until the April quarter, iPhone unit sales had never dropped once in the history of the device.
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