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VOL. 128 | NO. 186 | Tuesday, September 24, 2013

Apple Says It has Sold 9 Million New iPhones Since Friday

AP

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NEW YORK (AP) – Apple says shoppers snapped up 9 million of its newest iPhones since the devices were launched Friday, and that demand is exceeding supply.

Apple says the two new models gave it its strongest iPhone launch ever. The company began selling the low-cost 5C and top-of-the-line 5S on Friday.

The company says demand for iPhone 5s has exceeded the initial supply, and many online orders are scheduled to be shipped in the coming weeks.

Wall Street hadn't been enthusiastic about the new models, which were unveiled earlier this month.

Apple also said its fourth-quarter revenue will be at the high end of its estimates. The company had projected $34 billion to $37 billion in total revenue, and it also said gross margins will be near the high end of its expectations.

FactSet says analysts were forecasting $36.17 billion in revenue.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

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RECORD TOTALS DAY WEEK YEAR
PROPERTY SALES 55 55 13,385
MORTGAGES 73 73 17,422
FORECLOSURE NOTICES 0 0 3,391
BUILDING PERMITS 180 180 31,110
BANKRUPTCIES 63 63 12,758
BUSINESS LICENSES 11 11 4,608
UTILITY CONNECTIONS 153 153 19,610
MARRIAGE LICENSES 44 44 4,104

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