Congratulations Apple.

Apple on Monday announced that it has sold its one millionth iPhone over the weekend. The milestone, recorded 74 days after its introduction on June 29, surpasses Apple’s own “end-of-quarter” estimates and comes on the heels of a significant price reduction last week. “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.” The company previously estimated that it would sell 1 million iPhones — the best-selling device among smartphones during the month of July — by the end of the quarter.

In January, Apple CEO said he hopes to sell 10 million iPhones in 2008, which represents a one percent piece of overall mobile phone market.