Apple, AT&T lower after iPhone's first weekend

(Reuters) - "We believe initial demand may have been disappointing, but it's still early," Bill Shope, analyst at JP Morgan, said in a note to clients. "We don't believe supply was much better than expected, so demand could be a bit light."



Shope estimates that Apple sold about 312,000 iPhones on Friday and Saturday. The combined cell phone, music player and Web browser went on sale Friday evening.


Read more at Reuters.com Hot Stocks News