Apple Sells 1 Millionth iPhone

Seventy four days out from launch, Apple has has sold 1 million iPhones. Does that mean they're giving back at least $100 million in store credits? Assuming a markup of 50% for their hardware and accessories and 80% for Software, it's not that much of a hit as people may think. I suspect that many people will be using the credit to but a new macbook, mac mini or iMac. If you have the iPhone, you won't "need" the iPod Touch or new iPod nano and at $500 the mac mini looks awful nice considering you can dual boot with Boot Camp.

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