At the fiscal Q3 2016 earnings yesterday, Apple confirmed that it has sold 988.15 million iPhones till June. At the employee meeting in Cupertino, CEO Tim Cook has confirmed that Apple sold the billionth iPhone last week.
Even though worldwide iPhone sales have crossed a billion since launch, sales continue to fall. In the last quarter Apple sold only 40.4 million iPhones, down 14.9% compared to the 47.5 million units it sold in the same quarter last year.
Apple has released 13 different iPhone models since it released the first iPhone in 2007. It is expected to release the next-generation iPhone in September.
Regarding the new milestone, Tim Cook, CEO, Apple, said:
iPhone has become one of the most important, world-changing and successful products in history. It’s become more than a constant companion. iPhone is truly an essential part of our daily life and enables much of what we do throughout the day. Last week we passed another major milestone when we sold the billionth iPhone. We never set out to make the most, but we’ve always set out to make the best products that make a difference. Thank you to everyone at Apple for helping change the world every day.