According to MacNN, since the launch of iPhone on June 29, Apple is said to have sold out of iPhones in 95 of 164 of its stores, while AT&T has nearly depleted its entire stock. By the closing Sunday of week one, approx. 700,000 iPhones had been sold, this has much exceeded its previous estimate of 400-500,000. Reports predict that the iPhone may be AT&T’s fastest selling product ever and possibly one of the fastest selling electronic devices of all time.

[via TechCrunch]