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Apple Sells 1 Millionth iPhone Ahead Of Schedule

(CBS) It didn't take Apple very long to sell one million of its new iPhones.

Apple says it broke the one million mark Sunday, 74 days after the combination cell phone-iPod went on sale.

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

The announcement comes after Apple CEO Steve Jobs cut the price of the 8-gigabyte iPhone from $599 to $399. It also discontinued the $499 4-gigabyte version.

The next day he apologized to those who had paid full price and offered $100 credits to early buyers.

(© 2007 CBS Broadcasting Inc. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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