LOS ANGELES: Apple Inc has sold more than 600,000 units of its newest iPhone after just a day of preorders, surpassing some analysts' expectations and sending its shares up nearly 3 per cent on Wednesday.
The makers also of the iPad and iPod said it and carrier partner AT&T Inc had been forced to turn away "many" potential customers after the surprising volume of online orders triggered order and approval system malfunctions.
"We apologize to everyone who encountered difficulties, and hope that they will try again ... once the iPhone 4 is in stock," Apple said in a statement. AT&T, the exclusive US provider for iPhone, said orders of the iPhone 4 on Tuesday, the first day of online preorders, were 10 times higher than for the iPhone 3GS last year.
Market is never wrong-Opinions are often.Time in the market is more important than timing the market.Simplest rule for wealth creation-Buy at low , Sell at high. Knowing a fact is a pure fiction only application is real.A knowledge which can't create a wealth is not worth having. There is no other magic in the real world as prediction.
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