Apple Says it Sold 1 Million iPhones

Apple said it sold its one millionth iPhone on Sunday, some 74 days after its debut. The sales numbers for the device make it the best selling phone model debut ever, and ranks near the top debuts of any electronic device in history. In comparison, it took the iPod two years to reach the same milestone. Brisk sales of the phone are likely to continue: last week the company reduced the price of the 8GB model to $399, while discontinuing the 4GB version.

"We can't wait to get this revolutionary product into the hands of even more customers this holiday season," CEO Steve Jobs said. Not everybody is in agreement about the numbers, however. iSuppli estimated about 500,000 units were sold as of the end of July. In order for Apple to reach that one million number, it would have had to sell 500,000 phones in the past six weeks.