Apple iPhone Sales Surge

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Apple’s (AAPL) was the top selling smartphone in the US during July, according to iSuppli. The handset was also 1.8% of all cell phone unit sales for the month.

According to Reuters: "The two models of the iPhone on the market sold more than Research in Motion’s (RIMM) Blackberry series, the entire Palm (PALM) portfolio and any individual smartphone model from Motorola (MOT), Nokia (NOK) or Samsung."

The news has to be music to the ears of AAPL shareholders. There had been some concern when Apple and AT&T (T) announced earnings for the last quarter that iPhone sales were off to a strong start.

With Mac sales picking up, AAPL has the chance to have three extremely popular products on the market at once. Rumors have it that Apple will launch video and WiFi enabled versions of the iPod later this week.

Douglas A. McIntyre