Apple Rapidly Sells 3 Million iPhones

Posted on August 13, 2008

Fortune is reporting that Apple has quickly sold 3 million of the new iPhones. They had sold 1 million just three days after the July 11th debut.

The blistering sales pace of Apple's new gadget defies the otherwise downward trends in consumer spending, employment levels and overall economic health. The 3 million figure is much higher than Wall Street analysts had anticipated. Forecasts called for total quarterly sales of three million to four million.

Three days after the new iPhone's July 11 debut, Apple announced that it had sold 1 million iPhones. For comparison, it took 74 days for the original iPhone to hit the one million sold mark. The new 3G iPhone has already sold nearly half as many as the original iPhones in total.

Fortune describes three reasons for the blistering iPhone sales. The first reason is the cheaper price. The second reason is people like the iPhone's sleek design. The third reason is that international sales are taking off for the 3G iPhone. People have been waiting for this must faster phone from Apple that uses the 3G technology. Overseas they weren't really going to buy a phone that wasn't up to par.

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