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Apple's iPhone 6, 6 Plus raise combined iPhone shipments to 700 million

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Apple CEO Tim Cook on Monday announced that the company has sold more than 700 million iPhones since launch, just months after Apple announced the sale of its 1 billionth iOS device.

The blockbuster launch of the iPhone 6 and 6 Plus contributed to that total, with Cook saying combined iPhone 6 and iPhone 6 Plus sales growth reached 49 percent. That number is nearly double overall industry growth, which was up just 26 percent year-over-year.

Apple sold nearly 75 million iPhone 6 and 6 Plus units in the fourth quarter of 2014. That works out to over 34,000 iPhones every hours, 24 hours a day, every day of the quarter.

The company is widely expected to announce similarly impressive — though not quite as robust — sales for the current quarter, which includes the Lunar New Year holiday, a major catalyst for shopping in China.

Cook also touted the iPhone's record-breaking customer satisfaction ratings, which have long led the industry. 99 percent of consumers reported being satisfied with their iPhones.