Apple sells its billionth iPhone

Apple on Wednesday announced that it has sold its billionth iPhone. The original iPhone went on sale on June 29, 2007. SEE ALSO: U.S. Army switching to iPhones because Androids freeze up The news, which comes a day after the Cupertino giant announced its quarterly earnings for the third quarter of fiscal year 2016. In its latest quarter, Apple sold 40.4 million iPhone devices. Hitting a milestone of 1 billion phones is impressive, especially when one considers that Apple sold its 500 millionth i