Apple reached the milestone of selling one million iPhones almost three weeks ahead of schedule. The milestone came 74 days after Apple launched the device in a much hyped way. Apple earlier had forecast that iPhone sales would hit the 1 million mark by the end of this month. It took almost two years to achieve this milestone with iPod.

Apple announced last week to cut the price of its 8-gigabyte iPhone by 200 dollars to 399 dollars, and said it would discontinue the 4-gigabyte version of the iPhone. Apple expects to sell 10 million sets of iPhone next year.