Apple's iPhone is a commercial success but if the magnitude of that success escapes you, here's a little hint: It has set a new record for AT&T sales by selling more phones than the Motorola RAZR did in a month.

In addition to this, the demand for the iPhone doesn't seem to be slowing down with iPhones going on eBay from US$ 705 to a whopping US$ 12,500.

Throughout all this, Apple has been making a killing. Industry researcher ISuppli Corp. declared that Apple is selling the iPhone for more than double its manufacturing costs. Thus they have profit margins of over 55 percent, excluding logistics and royalties.

That's just an insane amount of money moving into the company, and it shows. As a testament to that, Apple shares soared by US$ 5.91 to US$ 127.17 or 4.9 percent in NASDAQ Stock Market trading.

However, it should also be noted that AT&T shares dropped by US$ 35 cents, which is rather peculiar considering AT&T has sold out of the phone in almost all its 1,800 stores. It may have something to do with the EDGE network crashing for a short time, but this has not been confirmed by any of our financial analysts.

So it looks like the iPhone is off to a good start, it should be noted that Apple isn't expecting to be making a large profit now but expects it to come over a span of two years. Is this a sign of things to come? If you'd care to read more on this, click on our read link.