Apple Inc had sold 1.7 million units of the iPhone 4 by Saturday June 26, its most successful product launch yet, the company said on Monday. Sales of the touchscreen smartphone, which competes with devices from Nokia, Research In Motion and Motorola, surpassed some analysts' expectations, as well as those of Apple itself, which has been having trouble keeping up with demand. In a statement, Chief Executive Steve Jobs apologized to "customers who were turned away" because the company did not have enough supplies of the iPhone 4. Hudson Square Research analyst Daniel Ernst said the 1.7 million number likely included pre-orders, which began on June 15. He said the phone appeared to have sold out in some stores this weekend in New York, Connecticut and Maryland, after the official launch on June 24. Ernst said his rough estimate was for sales well north of one million. "This is closer to two million so it's above our expectations," he said. ...
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