Apple Ends Media Hysteria, Sells Many iPhones

Apple today reported on mis-analyzed information released earlier this week by AT&T. As a part of Apple’s third quarter financial reports (published today), the company confirmed that they sold 270,000 iPhone units. AT&T earlier this week reported that 146,000 new activations took place with iPhone, which was mis-interperted by many as the full sales of iPhone for new and existing AT&T customers.

Apple generated more revenue this quarter than ever before, topping $5.4 billion. Apple posted an $881 million profit for the quarter, generating earnings of $.92 per share.