Apple said Monday it sold a record 9 million new iPhone 5s and iPhone 5c models during the first weekend the devices went on sale, topping Wall Street expectations and sending the company's shares up nearly 5%.
The stock closed up $23.23 to $490.64 Monday.
Demand for the iPhone 5s exceeded the initial supply, and many online orders are scheduled to be shipped in the coming weeks, the company added.
"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," said Apple CEO Tim Cook.
Investors were expecting first-weekend sales of between 6 million and 8 million units.
"We had expected about 6 million over the opening weekend and view this as a very strong number," said Brian Marshall, an analyst at ISI Group.
Source : USA Today
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