Tim Cook, Apple’s Chief Executive said: “The demand for the new iPhones has been incredible, and while we’ve sold out of our initial supply of iPhone 5S, stores continue to receive new iPhone shipments regularly.
“We appreciate everyone’s patience and are working hard to build enough new iPhones for everyone.”
The company’s stock rose $23.23 (or 5%), closing at $490.64 on the Nasdaq Stock Market.
The high volume sales compare well against the five million iPhone 5 sales launch this time last year. However, last weekend’s launch involved 11 countries opposed to nine for last year and China was included in the launch. The Chinese smartphone market is huge.