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Apple has sold three billion iPhones since the product was launched in 2007, Apple CEO Tim Cook said Thursday during the company\u2019s third-quarter earnings call.<\/p>\n
It took Apple nine years to sell the billionth iPhone, a milestone the company reached<\/a> in 2016. This implies that Apple sold two billion between 2016 and now \u2014 also a nine-year period \u2014 marking the product\u2019s growing popularity.<\/p>\n While Apple celebrates three billion iPhones sold, the company has struggled a bit in the stock market this year, as the tech giant fell behind Nvidia and Microsoft as the market\u2019s most highly valued businesses. So perhaps a bigger cause for celebration at Apple is that its iPhone sales were stronger<\/a> this quarter than expected.<\/p>\n Sales of the iPhone, Apple\u2019s most popular product, are up 13% year-over-year, generating $44.6 billion in revenue, according to information shared on the earnings call. That\u2019s nearly half of the entire company\u2019s total revenue<\/a> this quarter, which reached $94 billion.<\/p>\n This uptick in iPhone sales might be temporary, though. Apple expert and Bloomberg managing editor Mark Gurman mused the company may have sold more iPhones last quarter over fears that President Trump\u2019s tariff plans would exponentially increase prices in the United States.<\/p>\n