Record-Setting iPhone Sales Limited by Supply Pains

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Apple said Monday that it sold more than 1.7 million iPhone 4s in the three days following the device’s launch on June 24. “This is the most successful product launch in Apple’s history,” Apple Chairman and CEO Steve Jobs said. Nonetheless, he also apologized to customers who were turned away when various retail outlets and online channels ran out of iPhones to sell. Although previous iPhone models have broken the 1-million mark three days after launch, the iPhone 4 has outpaced them at 1.7 million units sold.

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