Apple flogs one millionth iPhone

Posted by Hitarth Jani | 10:36 PM | 0 comments »

Apple has sold its millionth iPhone, just 74 days after the combination cell phone-iPod went on sale and less than a week after its price was cut by a third.

Apple previously said it expected to hit the million-sold mark by the end of September.

The announcement sent Apple shares up $US2.94, or 2.2 per cent to $US134.71.

On Wednesday, Apple CEO Steve Jobs cut the price of the eight-gigabyte iPhone from $US599 ($A726.63) to $US399 ($A484.02) and discontinued the $US499 ($A605.33) four-gigabyte version.

The next day he apologised to those who had paid full price and offered $US100 ($A121.31) credits to early buyers.

In a letter on the company's website, Jobs acknowledged Apple disappointed some of its customers and said he had received hundreds of emails complaining about the price cut.

Jobs added "the technology road is bumpy" and there will always be people who pay top dollar for the latest electronics but get angry later when the price drops.

"This is life in the technology lane," Jobs said in the letter last week.