iPhone: Over one million sold

Cupertino (CA) - In two and a half months, Apple has reached a mobile milestone most uncommon for high-end cell phones, eclipsing one million units sold.

Apple today announced that it has sold its one millionth iPhone. Steve Jobs notes that this milestone even eclipses one of Apple’s own sales records. "It took almost two years to achieve this milestone with iPod," says Jobs.

Before the iPhone launched, Jobs said he hoped to capture 1% of the cell phone market share, which would require the sale of around 10 million iPhones. It hardly puts the iPhone on the top-seller list, though. Over 10 million Verizon Chocolate phones are in circulation, and Motorola’s Razr has sold more than 50 million

Last week Apple lowered the price of its iPhone by $200 and began offering $100 rebates to customers who paid full price.