1.7 Million iPhones Sold

Apple announced today more than 1.7 million iPhone 4 devices were sold in its first three days of release through Saturday. Strong demand for the latest version of the iPhone, which features a front-facing camera, high-definition video recording and faster processing power, was evident in the 600,000 pre-sale orders for the handset and long lines outside Apple stores last Thursday. Many sold out of the new iPhone.

"This is the most successful product launch in Apple's history," said Apple CEO Steve Jobs, in a statement. "Even so, we apologize to those customers who were turned away because we did not have enough supply." Here's the release.

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