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Apple adjusts its quarterly earnings outlook on strength of tremendous iPhone sales

Apple adjusts its quarterly earnings outlook on strength of tremendous iPhone sales

In the face of pundits who thought Apple's iPhone success had plateaued, Apple sold a record number of iPhones this past weekend -- 9 million units to be exact.

In fact, Apple's iPhone sales this past weekend were so great that Apple this morning filed a regulatory filing with the SEC slightly tweaking its initial financial forecasts for the quarter.

Apple expects total company revenue for the fourth fiscal quarter to be near the high end of the previously provided range of $34 billion to $37 billion, and expects gross margin to be near the high end of the previously provided range of 36 percent to 37 percent.

Apple's fiscal quarter ends on September 28.

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