Apple Sells 1.7M iPhone 4’s

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Apple said it sold more than 1.7 million iPhone 4’s through Saturday, June 26, (over a three-day period), making it the most successful product launch in Apple’s history.

CEO Steve Jobs also apologized to customers who “were turned away because we did not have enough supply.”

Apple typically sells 1 million iPhones during the first week of launch, says Business Insider.

Separately, iSuppli said the iPhone 4 costs $187.51 to produce in terms of its component costs. The most expensive component is the new 3.5-inch screen at $28.50.

“Over the years, the iPhone has generally tended to hover in the $170 to $180 cost range because Apple seems to be trying to hit some kind of budget,” Kevin Keller of iSuppli.

The estimate doesn’t include costs labor, shipping, advertising, software development or patent licensing.

The iPhone 4 sells for $199 and $299.
Source: Apple, iSuppli

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