Apple iPhone 7 sales volume touches a record high

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Initial quantities of the iPhone 7 plus have been sold out globally as Apple Inc. prepares to roll its new gadget in stores, as stated by the Company on Wednesday.

Supplies of the Apple’s new phone have exhausted in all shades, and iPhone 7 has also been sold out in the new jet black colour.
Apple spokeswoman Trudy Muller stated “We sincerely appreciate the patience of our customers as we work hard to get our new iPhone into the hands of everyone as quickly as possible.”

Apple launched its new phones at a San Francisco event earlier this month. The gadgets have improved cameras and also eliminated the traditional headphone jack favoring new technology.

Breaking with tradition, the company will not release first-weekend sales of the iPhone 7 and 7 plus, saying the figure reflects supply than demand.

The decision sparked concerns among some on Wall Street, where many fear sales of the iPhone, a critical product for Apple, may be leveling off. But U.S. wireless carriers Sprint Corp (S.N) and T-Mobile US Inc. (TMUS.O) said on Tuesday they received strong pre-orders for the iPhone 7, sending Apple shares up.

“Based on everything I’ve seen it looks like demand is very strong,” analyst Jan Dawson of Jackdaw Research wrote in an email.

The 5.5-inch iPhone model, known as the Plus, has sold out soon after launch since Apple introduced the size with the iPhone 6 in 2014. Phones in newly released finishes are also typically snapped up quickly by customers eager to showcase the latest iPhone design.

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