Apple sold 525,000 iPhones since launch

Reuters

Apple Inc.
stores in the first weekend since its June 29 launch, the Los Angeles Times
reported on Monday, citing an analyst.

Half of
the Apple stores on the U.S. West Coast sold out of the devices on the first
day, the report said, citing analyst Trip Chowdhry of Global Equities Research
in San Francisco.

Chowdhry
could not immediately be reached for comment. Apple and AT&T were not
immediately available.

Piper
Jaffray also estimated first-weekend sales of the iPhone at about 500,000,
according to cnet.com.

The
iPhone, which combines a phone, Web browser and a music player, went on sale on
Friday. About 2 percent of buyers have experienced delays in activating their
service, a source said on Sunday.