"As we have expanded our distribution through carriers and resellers to hundreds of thousands of locations around the world , we are now at a point where we know before taking the first customer pre-order that we will sell out of iPhone 7," Apple spokeswoman Kristin Huguet said. "These initial sales will be governed by supply, not demand, and we have decided that it is no longer a representative metric for our investors and customers. "The company reiterated its financial outlook for the quarter.Apple launched the iPhone 7 and the iPhone 7 Plus at a San Francisco event on Wednesday. The new phones feature improved cameras and eliminate the traditional headphone jack in favor of new technology . "What's meaningful to me are the first month of sales with full supply," he said.

Source: Economic Times September 08, 2016 14:15 UTC