Apple iPhone Tops 1 Million mobile phone sales since release – New Lower Prices may have helped

Apple iPhone Tops 1 Million mobile phone sales since release – New Lower Prices may have helped

Apple iPhone

[Best Syndication] Apple Inc. sold one million iPhones this past weekend with the newly reduced price tag. It took a whole two years for the company to get 1 million iPods sold. With the newly reduced price tag of $399 for the 8 GB version what spurred the extra sales?

Investors in Apple Inc. were cautious with stocks when the company announced the price reduction the iPhone. There was concern that there was a lack of demand for the mobile phone and also less profit margin in the newly lowered prices. With the sales of 1 million iPhones investors may be a bit relieved to see the volumes and popularity and the goal set by Apple to sell 1 million units by the end of September.

Customers that had purchased at $200 more than the newly reduced price called foul on Apple. The 4 GB version is being discontinued, the reason for this is not clear. Apple offered angry customers of the iPhone that paid the higher dollar ticket a $100 store credit at Apple stores and also an apology from Steve Jobs.

Why the price reduction? Apple is looking to gear up for the holiday season and hope to get more customers signed up with their mobile phone. Apple also wants to keep ahead of the competition in both technology and offer a competitive price.

Also new with Apple is a new iPod which retails for $399. The new model is called the iPod Touch and has all the features of the iPhone without the phone features built into it.

See what others are saying about Apple iPhone and the new Apple iPod Touch at the Forum

By Dusty Rhodes
Best Syndication News Science Writer

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Other Information

YouTube video demonstrating the new Apple iPod Touch

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