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. Its shares jumped 6 percent in premarket trading.
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.
Shares of Apple gained $28.10, or 6 percent, to $495.51 in premarket trading. The Cupertino, Calif., company’s stock is down about 12 percent in 2013 and has lost almost third of its value over the last year.
(© Copyright 2013 The Associated Press. All Rights Reserved. This material may not be published, broadcast, rewritten or redistributed.)
- Cantrell Continues Testimony In Price Corruption Trial
- Former TCU QB Trevone Boykin Arrested Following Dallas Wreck
- 30 Players: Tyler Skaggs Must Stay Healthy, Perform For Angels
- Stephen Jones Open About Cowboys Draft 1 And 1-A Needs
- Ted Koppel Says Sean Hannity Is “Bad For America”
- If You Can’t Beat ‘Em, Gig ‘Em
- Tricks To Using The New iPhone Software
- Airport’s New Parking System Overcharging Thousands Of Drivers
- Ben & Skin Parody: Rangers Won’t Die
- More Energy Used: AT&T Stadium Or Liberia?
- PHOTOS: Your Pet Pictures