Tim Cook Sold 3.1 Billion iPhones

Apple sold 3.1 billion iPhones under Tim Cook’s leadership, according to International Data Corporation, illustrating how central the iPhone has remained to the company’s market power. The Financial Times notes Apple’s market capitalization rose from about 3% of the S&P 500 to 6%, though its share flattened in recent years between 6% and 8% as other firms climbed higher. Apple remains No. 2 at $4.78 trillion, behind Nvidia’s $5.25 trillion, with Nvidia benefiting from AI chip demand as Apple’s hardware momentum slowed. The iPhone, launched in 2007, still accounts for Apple’s flagship performance, with Cook frequently updating it. On AI, Apple has adopted Google’s Gemini, paying $1 billion per year to power Apple Intelligence and Siri.