Tim Cook iPhone sales

During today's "Spring Forward" press event, Apple CEO Tim Cook announced that the company has now sold a total of 700 million iPhone units since they launched their first smartphone in 2007.

Cook told the audience at the event that the iPhone's sales growth was stronger than ever, with a 49% growth compared to the same period a year ago. The smartphone industry has only grown by 26% year-to-year. The iPhone is now the number one smartphone worldwide, according to Cook,

It's not just sales numbers for the smartphone that are impressive. Cook said that customer satisfaction for the recently launched iPhone 6 and iPhone 6 Plus is over 99%. Cook stated, "These numbers are unheard of."

Stay tuned as we will continue to cover today's news from Apple's Sprint Forward press event.