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Have More Than 700,000 iPhones Sold Already?

The iPhone has only been on the market since last Friday, and many are still struggling to get their hands on one. (The downtown SF Apple store continues to put out new shipments every morning at 9 am and sells out before noon. The local AT&T stores are selling them online or promising to ship them priority mail.) So how many have been sold? It's hard to say - and the number continues to insight debate. While neither Apple or AT&T have disclosed their sales figures, USA Today reports that Tech and telecom analysts estimated sales of 500,000 to 700,000 units of the combination phone, iPod and pocket Internet device by Sunday.

Gene Munster of equity firm Piper Jaffray told USA Today he estimates that 95 percent of iPhone buyers bought the more-expensive $599 iPhone with 8 gigabytes of storage (it's also available for $499 with 4 GB of storage) and that Apple kept most of the phone inventory for its own retail stores.

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