Apple Sold More iPhones Than Expected, Revises Forecast Upward

9 million units moved in 3 days

Apple Inc sold a higher-than-expected 9 million iPhone 5s and iPhone 5c models in the first three days following their Friday launch, prompting the company to issue a more optimistic financial forecast.

Apple shares rose 4.5 percent to $488.64 in early trading on Monday following the news.