One million iPhones sold by Apple in 74 days
Tuesday, September 11th, 2007
Has it been 74 days already? This weekend Apple sold it’s one-millionth iPhone, a few days after they slashed the price by a third to jolt sales.
With this news Apple shares went up $4.94, or 3.8 percent to 136.71. Apple thought they would hit the one million iPhone mark by the end of September, so they are ahead of what they had predicted. By comparison, it took two years for Apple to sell one million iPods.
Apple knocked $200 off the price of the 8-gigabyte iPhone last week bringing its price to $399. Apple also discontinued the 4-gigabyte version.
The price cut angered Apple customers who bought the iPhone for the full price. Price slashing is common in the cell phone industry, but not common for Apple. Jobs issued an apology the next day and offered customers $100 credits if they bought their iPhone within 14 days of the price cut.
The same day Apple slashed the iPhone price to $399, it unveiled a new iPod, also $399 and called the iPod Touch. The iPod Touch is essentially the same as the iPhone but without the cell phone capability.












Halleluiah, maybe 


