Apple has now shipped 3 billion iPhones

Apple has reached a significant milestone, shipping its 3 billionth iPhone. The company's CEO, Tim Cook, revealed this achievement during the company's third-quarter earnings call. The first iPhone was released in 2007, and it took Apple 9 years to ship its billionth device. However, the company was able to reach the 2 billionth iPhone milestone in 2021 and the 3 billionth just 4 years later. Apple reported a 10% year-over-year increase in revenue, reaching $94 billion in the third quarter. The iPhone enjoyed double-digit growth during this period, which was partially attributed to consumers' concerns about potential future price increases due to tariffs. However, these tariffs also cost the company $800 million in the June quarter and are expected to cost an additional $1.1 billion in the next quarter. Looking ahead, Apple is preparing to announce its next generation of iPhones, including a new "iPhone 17 Air" model, which is expected to be an ultra-thin device with a single camera lens and a basic A19 chip. The company is also significantly increasing its investments in artificial intelligence, with the possibility of an acquisition to bolster its efforts in this area.