updated 08:50 am EDT, Mon September 10, 2007
1 million iPhones shipped
Apple on Monday announced that it has sold its one millionth iPhone over the weekend. The milestone, recorded 74 days after its introduction on June 29, surpasses Apple's own "end-of-quarter" estimates and comes on the heels of a significant price reduction last week. "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 sea- son." The company previously estimated that it would sell 1 million iPhones -- the best-selling device among smartphones during the month of July -- by the end of the quarter.
In January, Apple CEO said he hopes to sell 10 million iPhones in 2008, which represents a one percent piece of overall mobile phone market.
Last week Jobs announced a controversial price drop of $200 on the three-in-one mobile device, which led to backlash by some early adopters. In a move that some analysts claim was scripted, Apple subsequently responded by offering $100 store credit to his customers, but said that details were due later this week.
"The good news is that if you buy products from companies that support them well, like Apple tries to do, you will receive years of useful and satisfying service from them even as newer models are introduced."
The company inked a deal for faster 3G wireless and other technologies that could make its way into the next version of the iPhone for Europe as early as November, according to a weekend report based on offerings listed at T-mobile's website.