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By Eli Panken

Nearly a decade since its launch, Apple on Wednesday announced it has sold the billionth iPhone.

CEO Tim Cook told employees at a meeting in Cupertino, California that the billionth device was recently sold, the company said.

It was unclear the exact store location where the phone was sold.

"iPhone has become one of the most important, world-changing and successful products in history,” Cook said in a statement. “It’s become more than a constant companion. iPhone is truly an essential part of our daily life and enables much of what we do throughout the day."

The device first made its debut in June 2007 and Apple has upgraded the phone model several times.

The company said it sold 40.4 million iPhones in the third quarter of this year alone, better than analyst projections, causing its shares to jump 7 percent on Tuesday.

"We never set out to make the most, but we’ve always set out to make the best products that make a difference," Cook said.

Tim Cook holds the billionth iPhone at an employee meeting in Cupertino, California, on July 27.Apple