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Home U.S. World Entertainment Sports Business Health Science Technology Politics Offbeat Environment Travel Verizon stops iPhone sales after supply bought out Source: AHN Reporter: Linda Young Location: New York, NY, United States Published: February 4, 2011 1:45 p.m. EST Topics: Science And Technology, Company Information, New Product, Technology, Business, Economy, Business And Finance, Consumer Goods, Speciality Store Verizon found sales of its new iPhone so brisk that the company had to stop selling the phone because it ran out of inventory in less than a day. Pent-up demand by Verizon customers meant the company sold out of its first shipment of around 100,000 iPhones within 17 hours on Thursday. It marked the largest ever product launch for Verizon. The company exceeded its previous record within the first two hours of sales. Pre-sales of Verizon's iPhone were limited to existing customers with orders pouring in until about 8 p.m., when Verizon exhausted its initial allotment of the phones. Analysts say that first-day sales indicate that Verizon can probably expect to sell more than 11 million iPhones during 2011. Republish Email Facebook Digg Twitter Buzz Up! Share [ Close ] When publishing articles from AHN we require that you follow several simple rules and that you abide by our Terms and Conditions. You may: Use and display the provided article text on a website or blog. Under the following conditions: You may not republish the article(s) wholesale, automatically or systematically; articles must be republished individually. You may not sell license or redistribute the content without specific permission. Email us if you’d like to. You must display and attribute the article in the manner specified by AHN (but not in any way that suggests that we endorse you or your use of the work). 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