> Since the introduction of the 555 by Signetics in 1972, this integrated circuit has outsold all other IC types by a wide margin, with over 1 billion units sold worldwide in 2003 alone.
http://www.semiconductormuseum.com/Transistors/LectureHall/C...
It’s what we used as a starting point in 2005. It's the "Hello World" of electronics, and seemingly a commonality across the world. I love this IC because it is so simple, predictable, and understandable; the perfect jumping off point to learn electronics.
Consider something like the 741. In fact, let's consider the single opamp IC family against the 555 family (including 556 and the rest).
I bet you 55x is nowhere as popular as those.
The bipolar LM358 family is also pretty much obsolete by modern standards (plenty of nicer rail-to-rail amps available), but you can't beat them on price since they've been second sourced by practically every analog company in the industry.
(Example: TI's cheapest 555 is the NE555 in TSSOP-8 package at $0.05, and their cheapest op-amp is the LM321LV in SOT23-5 package at $0.04, actually slightly cheaper than I remember last time I went looking for the cheapest op-amp money could buy. But the op-amp will require more supporting components, increasing total cost.)
That's not true for voltage regulators: there are many other parts that do what a 7805 does and many ways to build that function, some of which can sometimes end up cheaper.
Of course, the previous caveat of "without a microcontroller" is quickly becoming a concern of the past, and, accordingly, the 555 isn't designed in nearly as often as it was even in 2003.
Sometimes it's just cheaper to use a microcontroller. Specially when they are this cheap:
https://www.eevblog.com/forum/blog/eevblog-1132-the-3-cent-m...
The last one I opened had two lm358 dual opamps but no 555.
And nowadays we have dedicated ICs for that kind of things with much better safety and efficiency.