...from: http://ap.google.com/article/ALeqM5jeQB_4vxoBp-evv_7ghNwrkYpDWQ

Apple Sells 1 Millionth iPhone By MAY WONG – 33 minutes ago

SAN JOSE, Calif. (AP) — Apple Inc. sold its millionth iPhone over the weekend, days after it slashed the price by a third to spur sales.

The milestone was reached weeks earlier than expected and sent shares of Apple up $4.94, or 3.8 percent, to $136.71. The stock regained some of the ground it lost after the price cut spooked investors as a sign of weak demand and slimmer margins.

It took just 74 days for the combination cell phone-iPod to hit the 1 million mark, which Apple had said it would achieve by the end of September. By comparison, it took two years for the company to sell 1 million iPods, Apple CEO Steve Jobs noted in a statement.