iPhone 4 Sales Top 1.7 Million

Apple today announced that it has sold over 1.7 million of its iPhone 4 through Saturday, June 26, just three days after its launch on June 24. The new iPhone 4 features FaceTime, which makes video calling as easy as one tap, and Apples new Retina display, the highest resolution display ever built into a phone, resulting in stunning text, images and video. It is widely rumored that Apple charges AT&T and retailers close to $600 for the 16 GB version of the iPhone and almost $700 for the 32 GB model. That means that the Apple iPhone 4 generated somewhere between $1.02 billion and $1.19 billion in sales for Apple in just 3 days. If you do the consumer side of the math it is also rather crazy. If all 1.7 million customers bought the ‘cheap’ $199 phone after rebated that means AT&T just pocketed a cool $338,300,000. It they all bought the high-end $299 model that would make it $508,300,000!