Tim Cook holds the billionth iPhone at an employee meeting in Cupertino.
Tim Cook holds the billionth iPhone at an employee meeting in Cupertino.

At an employee meeting on Wednesday CEO Tim Cook announced that Apple recently sold the billionth iPhone.This was at the Company’s headquarters in 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,” said Cook. “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.”

There aren’t that many entire technology categories that have over a billion units sold. Rarely does a single product from a single company reach the billion level. And the iPhone has reached that mark in less than a decade.

The news comes a day after Apple reported a drop in iPhone sales over the past quarter, a second straight drop after uninterrupted growth since its introduction in 2007.

Apple sold 40.4 million iPhones in the quarter ending June 25, down 15 percent from a year earlier, highlighting concerns over growth for the iconic smartphone.

[Apple Newsroom]