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Apple Says It Has Sold 9M New iPhones Since Friday

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NEW YORK, NY - SEPTEMBER 20:  The gold version of the iPhone 5S is displayed at an Apple store on September 20, 2013 in New York City. Apple launched two new models of iPhone: the iPhone 5S, which is preceded by the iPhone 5, and a cheaper, paired down version, the iPhone 5C. The Gold version of the phone has reportedly become one of the hardest to find and orders are backed-up into October. (Photo by Andrew Burton/Getty Images)

 The gold version of the iPhone 5S. (Photo by Andrew Burton/Getty Images)

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 This material may not be published, broadcast, rewritten or redistributed.)

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