Apple (NSDQ: AAPL) iPhone 4 Sales Exceed 1.7 Million

Apple Inc. (NSDQ: AAPL) announced Monday that it sold more than 1.7 million iPhone 4s in the first three days after putting the device up for sale, easily topping the record set by previous version of the device. The iPhone 4, which is the thinnest smartphone on the market, offers video calling, a high definition video-camera and 40 percent longer talk time.  The device went on sale Jun. 24 in the U.S., Japan and the U.K.

“This is the most successful product launch in Apple’s history,” said Steve Jobs, Apple’s CEO. “Even so, we apologize to those customers who were turned away because we did not have enough supply.”

Many reports have stated that Apple is struggling with supply shortages on parts, such as the high resolution screen used on for the device.

The sales record was attained despite selling out at many locations and receiving a bevy of complaints over the devices reception, which leads to dropped calls if a user held their hand over the bottom left corner of the iPhone 4.

Sales of the iPhone 4 have easily exceeded the record set last year by the iPhones 3Gs, which sold 1 million units in the first three days.

The iPhone 4 is priced at $199 for the 16 gigabyte model and $299 for the 32 gigabyte model.