Apple sells out iPhones, demand outweighs supplies

Filed under: AM Roundup |

Apple has sold 5 million iPhones is the first few days of selling its newest phone, said Los Angeles Times.

That’s less than analysts expected, and its stocks were down on the news. The phone went on sale Friday in the United States, Japan and several European countries.

It might have sold more had more been available, the company sold out in most stores across the world.

Read more at the Los Angeles Times.