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iPhone 3G Selling Twice as Fast as Original

AlleyInsider reports on AT&T's Q2 financial results. AT&T posted $30.9 billion in revenue, up 4.7% year-over-year.

In Apple related news, AT&T revealed that despite ongoing iPhone shortages, the iPhone 3G sales are nearly double that of the first iPhone.

The Apple iPhone 3G is a dramatic example of this transformation, Stephenson added. In the days following our exclusive U.S. launch of this new device, powered by the nations fastest 3G wireless network, customer response has been everything we had anticipated and more. This strengthens our wireless business, and it reinforces our positive view of the opportunities ahead for AT&T and the industry.

Lines are still forming for the iPhone, which has been in short supply since its launch about 12 days ago. According to reports Apple's availability tool is not accurate as shipments can come in the morning.

During Apple's Q3 Financial Results conference call, executives announced that Apple will be launching the iPhone 3G in 20 additional countries on August 22nd.