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.

Last week, we were all speculating about what kind of rabbit Steve Jobs would pull out of his hat during the recent Showtime conference. We thought it would be iPhone, half smartphone, half media player. But no. As it turned out, they gave us a sneak peek of their iTV.

But then, with the rolling out of the new iTunes 7, the folks over at MacShrine were looking over some of its resource files. And upon connecting their "iPhone" (Apple & Motorola's joint phone: ROKR, RAZR, and SLVR) an error message would pop-up:

"Some of the games in your iTunes library were not copied to the mobile phone [name] because you are not authorized to play them on this computer" and "iTunes cannot sync photos to the mobile phone [name] because your iPhoto Library needs updating. Open iPhoto to update your iPhoto Library."

Currently, the ROKR, RAZR, and SLVR are the closest stuff that Apple has to an "iPhone". But then, why would iTunes report such an error? It's as if the iTunes is looking for something (a feature maybe?) that the Motorola doesn't have. Maybe this hints at what they will come out with in the future? And what other thing that would be, except a possible iPhone?