Apple has sold one billion iPhone handsets so far

Although the continuous growth of Apple iPhone sales stopped two quarters ago, the iconic smartphone coming from Cupertino is still going strong. In fact, the company had checked a major milestone last week, when they sold the billionth iPhone.

Tim Cook, Apple's CEO, has recently made a statement saying "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."

However, last Tuesday's earnings report shows that slowing sales in China and the global market saturation have managed to push iPhone sales down by 21 percent in the last quarter, compared to last year's same period. Even with this drop, Apple sold more than 40 million units in the last quarter. According to Tim Cook, the new iPhone SE "is popular in both developed and emerging markets" and demand outstripped supply in its first weeks on the market.