Apple Sells One Millionth iPhone

Apple sold its one millionth iPhone on Sunday, 74 days after its introduction and about three weeks ahead of schedule. Apple expected to sell one million phones by the end of September. "One million iPhones in 74 days; It took almost two years to achieve this milestone with iPod," Apple CEO Steve Jobs said in a statement. "We can't wait to get this revolutionary product into the hands of even more customers this holiday season." Last week, Apple cut the price of the 8 GB iPhone by $200 to spark sales, and decided to phase out the 4 GB.