Apple sold One-Millionth iPhone--Already!

An Apple press release noted that 1 million iPhones have been sold in 74 days.

Either a significant fraction of the country's populace suddenly rushed to an AT&T or Apple Store to buy an 8GB iPhone at $399 (or a remaining 4GB model at $299) since last Wednesday's $200 price reduction or we were dead wrong in our speculation that Apple dropped the price because it would not make its goal of 1 million iPhones by the end of September without the dramatic price reduction to stimulate flagging sales.

Our speculation was based on iSuppli's announced data showing only 220,000 iPhones were sold in all of July following the 270,000 sold the first day and a half.

We have no way of knowing which is right but it doesn't really matter. Either way, it is very good news that Apple has exceeded its fourth quarter sales goal with three weeks left to go and that it apparently placated early adopters with a $100 store credit--we're satisfied. [Bill Fox]

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