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Apple has sold its billionth iPhone in key milestone for tech giant

Apple released its Q3 2016 financials, and the data shows device sales across all three of Apple’s main product categories falling over the past year, The Verge reports.

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Apple declined to comment on where the phone was sold. And revenues were strong in Apple’s service areas, including iCloud and Apple Pay. Apple is just one of the many device manufacturers that has seen a steady decline in tablet sales in recent years. Comparatively weak iPhone sales were offset by an uptick in the iPad’s growth; Cook said more people are purchasing those for work.

“Our Services business grew 19 percent year-over-year and App Store revenue was the highest ever, as our installed base continued to grow and transacting customers hit an all-time record, ” said Luca Maestri, Apples CFO.

“I’m very optimistic and bullish about Apple’s future proliferation in India”, Ghose said.

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Apple designs and markets consumer electronics, computer software, and personal computers. “Thank you to everyone at Apple for helping change the world every day”. And Apple’s promises of an improved Siri could just mean that the digital assistant simply becomes a slightly smarter “digital Fido” rather than a truly responsive and predictive artificial intelligence capable of handing complex tasks for users, he added.

Tim Cook CEO of Apple