Apple Sells It’s One Millionth iPhone

Apple Inc has revealed it has sold its one-millionth iPhone, days after cutting the price of its smartphone by $200. The company had expected to hit that target in a few weeks from now, but we’re sure they don’t mind hitting the target earlier than expected.

Apple shares have risen almost 3% on Nasdaq after the news and shares of AT%T Inc, the only service provider selling the phone, rose more than 1% on the New York Stock Exchange.

The iPhone was launched 74 days ago and combines a mobile phone, Internet Browser and music and video player. It is expected that Apple will sell 10 million by the end of 2008!

Apple has seen it’s shares rise $3.81 to $135.58 in morning trading. AT&T stock was up 48 cents at $39.21.

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