Apple iPhones Go Nuts Over the Weekend; 9 Million New iPhones Sold Over the Weekend; Apple Stock Jumps

Don’t fight. There are plenty of the cheap ones to go around. Apple announced that it sold a record 9 million new iPhone 5s and iPhone 5c smartphones in just three days. In three days Apple sold out its its stock of the higher-end 5s models. Apple shares opened up 5.5% this morning.

Apple also announced that over 200 million iOS devices have been upgraded to iOS 7. Apple saus that this makes it the fastest software upgrade in history.

Apple analysts on Wall Street predicted that Apple would sell about 6 million iPhones over the three-day weekend period. Apples stronger-than-expected showing for the iPhone 5s and 5c debut follows news that Apple lost about $34 billion in market cap value from Sept. 10 to 11 after they announced the new iPhones. Apple investors expected the company to make cheaper phones for emerging markets like China. Investors thought Apple would start a new product line like a televisions.

The Apple iPhone 5s and 5c debut led to long line and at least one fight broke out.

In a statement, Apple CEO Tim Cook 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.”

In a Monday filing with the Securities and Exchange Commission, Apple said it expects its fourth fiscal quarter revenue to approach the high end of its previous guidance of $34 billion to $37 billion.

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