Amid reports out of Europe that the iPhone is not selling as well as expected during its first weekend on the continent, O2 CEO Peter Erskine told the Times that the handset "has been the fastest-selling device we have ever seen." O2 is the exclusive carrier for Apple's iPhone in the U.K. Erskine said the phone has sold in the "hundreds of thousands" in the UK since Friday. About two-thirds of the iPhone buyers in the U.K. are new subscribers to O2.

For more on the iPhone in Europe:
- read this article from The Times Online