Apple announced this morning that it sold its one millionth iPhone yesterday, two and a half months after its introduction on June 29.

“One million iPhones in 74 days—it took almost two years to achieve this milestone with iPod,” said Steve Jobs, Apple’s CEO. “We can’t wait to get this revolutionary product into the hands of even more customers this holiday season.”

Apple slashed pricing on the iPhone last week, dropping its cost from $599 to $399 in order to stimulate demand. The price cuts are expected to at least double demand for the innovative device.

The iPhone combines three devices into one‚Äîa mobile phone, a widescreen iPod, and¬†a mobile Internet device ever. The iPhone’s multi-touch interface has garnered nearly universally positive reviews.