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Edition: U.S. Article Comments (4) Save Email Print Reprints Most Popular Most Shared Court to rule on Sarbanes-Oxley and gun rights 27 Jun 2010 Trapped drunk driver opens another beer as awaits rescue 23 Jun 2010 Russia alarmed by CIA view of Iran's weapons 27 Jun 2010 Factbox: Winners and losers at the G20 summit 8:26am EDT Obama says he's serious about tackling deficits 27 Jun 2010 BP says Hayward remains CEO as storm Alex looms | Video 11:30am EDT White House launches plan to boost broadband 5:00am EDT Central banks warn of new crisis if exit left too late 9:02am EDT BP's Hayward set to resign, Russian official says 10:51am EDT Apple boasts 1.7 million iPhone 4 sales 10:41am EDT Trapped drunk driver opens another beer as awaits rescue 23 Jun 2010 Supreme Court rules Chicago gun ban unconstitutional 10:27am EDT Obama says he's serious about tackling deficits 27 Jun 2010 Court to rule on Sarbanes-Oxley and gun rights 27 Jun 2010 White House launches plan to boost broadband 5:00am EDT UPDATE 1-US top court extends gun rights to states, cities 10:23am EDT For sale - village with pub, 40 people 25 Jun 2010 BP says Hayward remains CEO as storm Alex looms | Video 11:30am EDT Factbox: Winners and losers at the G20 summit 8:26am EDT Accused Jamaican drug lord Coke pleads not guilty 25 Jun 2010 Apple boasts 1.7 million iPhone 4 sales Sinead Carew NEW YORK Mon Jun 28, 2010 10:41am EDT A customer looks at an iPhone 4 at the Apple Store 5th Avenue in New York, June 24, 2010. Credit: Reuters/Eric Thayer NEW YORK (Reuters) - Apple Inc had sold 1.7 million units of the iPhone 4 by Saturday June 26, its most successful product launch yet, the company said on Monday. U.S. | ipad | Technology | Hot Stocks | Media Sales of the touchscreen smartphone, which competes with devices from Nokia, Research In Motion and Motorola, surpassed some analysts' expectations, as well as those of Apple itself, which has been having trouble keeping up with demand. In a statement, Chief Executive Steve Jobs apologized to "customers who were turned away" because the company did not have enough supplies of the iPhone 4. Hudson Square Research analyst Daniel Ernst said the 1.7 million number likely included pre-orders, which began on June 15. He said the phone appeared to have sold out in some stores this weekend in New York, Connecticut and Maryland, after the official launch on June 24. Ernst said his rough estimate was for sales well north of one million. "This is closer to two million so it's above our expectations," he said. "No single smartphone model has been this successful." Apple started selling the phone online on June 15, when both Apple and AT&T Inc's websites faltered amid heavy demand, causing delays to many customer orders. AT&T is the exclusive U.S. service provider for the iPhone. The iPhone, which boasts video chat and a longer battery life, launched last week with fans lining up outside stores overnight by the hundreds [ID:nTOE65K079]. AT&T's bigger rival Verizon Wireless, a venture of Verizon Communications Inc and Vodafone Group Plc, is countering iPhone by heavily promoting phones based on Android software from Google Inc. Shares in Apple were down $1.20 at $265.50 in morning trade on Nasdaq. AT&T shares were up 10 cents at $24.91 on New York Stock Exchange. (Reporting by Sinead Carew; editing by Gerald E. McCormick and Derek Caney) U.S. ipad Technology Hot Stocks Media Comments See All Comments (4) | Post Comment Jun 28, 2010 9:24am EDT There’s a sucker born every minute. Bear589 Report As Abusive Jun 28, 2010 9:38am EDT That sure is a lot of phones to have to RECALL. robotfist Report As Abusive Jun 28, 2010 9:50am EDT Too bad the introduction had to be totally wrecked by that accidentally lost prototype phone. Apple could have sold a few units. dratman Report As Abusive Jun 28, 2010 9:50am EDT “As long as people will accept crap, it will be financially profitable to dispense it” — Dick Cavett stuckpig Report As Abusive See All Comments (4) Add a Comment *We welcome comments that advance the story directly or with relevant tangential information. We try to block comments that use offensive language or appear to be spam and review comments frequently to ensure they meet our standards. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. © Copyright 2010 Thomson Reuters Editorial Editions: Africa Arabic Argentina Brazil Canada China France Germany India Italy Japan Latin America Mexico Russia Spain United Kingdom United States Reuters Contact Us Advertise With Us Help Journalism Handbook Archive Site Index Video Index Reader Feedback Analyst Research Mobile Newsletters RSS Podcasts Widgets Your View Labs Thomson Reuters Copyright Disclaimer Privacy Professional Products Professional Products Support Financial Products About Thomson Reuters Careers Online Products Acquisitions Monthly Buyouts Venture Capital Journal International Financing Review Project Finance International PEhub.com PE Week FindLaw Thomson Reuters is the world's largest international multimedia news agency, providing investing news, world news, business news, technology news, headline news, small business news, news alerts, personal finance, stock market, and mutual funds information available on Reuters.com, video, mobile, and interactive television platforms. 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