Apple has sold a million iPhones, folks. This is within 3 months of the release date. The Apple iPhone was officially released on June 29, 2007. But Apple had dropped the price of the iPhone recently.
“My opinion about why they did it is that they have a large inventory and they are set up to build more than they have sold by a bit and they have to keep things moving,” Apple co-founder Steve “Woz” Wozniak. “It happened to every technology product with the price coming down – but you don’t expect it to be two months, you expect it to be at least a year.”