Apple reported Monday that it has sold its one millionth iPhone, well ahead of its previously stated end of September timeframe.
In noting the milestone in a press release, Apple CEO Steve Jobs explained that it took almost two years to reach the same sales goal with the iPod, while the iPhone took a mere 74 days.
"We can't wait to get this revolutionary product into the hands of even more customers this holiday season," said Jobs.
At a special event in San Francisco on September 5th, Apple announced a huge price reduction on the 8GB iPhone, from $599 to $399. Jobs told the assembled crowd at the event that Apple's goal in dropping the price of the phone was to stimulate consumer interest for the holiday season.
The news was met with outcries of disappointment from early iPhone adopters, prompting Apple to offer a $100 Apple Store credit to them a day later.