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Apple Sells One Millionth iPhone

Apple announced today that it has sold its one millionth iPhone.

"One million iPhones in 74 days -- it took almost two years to achieve this milestone with iPod," said Steve Jobs, Apple's CEO. "We can't wait to get this revolutionary product into the hands of even more customers this holiday season."

Last week, Apple announced a $200 price cut on the 8 GB iPhone and the elimination of the 4 GB model in order to further spur sales heading into the holiday season. Existing customers will be receiving a $100 Apple Store credit if they haven't already been reimbursed. Details will be given this week.

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