Tim Cook, CEO of the Apple on Wednesday announced that the company has recently sold its billionth iPhone. The announcement was made at an employee meeting held in Cupertino, California. “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,” stated Cook in a statement.

“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,” added Tim.

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Since its first release in the year 2007, iPhone has become the superior in the world which is a dominant source of revenue to the company. Reportedly, half of the billion sales have come in past two years. A day after the release of quarterly earnings Apple made this announcement, and the share’s jumped 6.5 percent to $103. According to few reports from analysts, Apple sold 40 million iPhones during the spring which boosted the total sale to 988 million by the end of the June.

Apple’s other products like iPad, Macs and iPhones are also among the top selling products of the company, but they are sold less than iPhones. In November 2014, Apple had sold one billion iOS which include a combination of iPhones, iPads and the iPod Touch. And earlier in the month of January this year Apple claimed that there are 1 billion devices in use throughout of the world. Reports say that Apple will sell its 2 billionth iPhone by twenty-twenty.