Apple iPhone 4 flies off the shelf on first day of sales

LOS ANGELES — Hundreds of thousands of customers lined up Thursday at Apple Stores, hoping to nab the elusive new iPhone 4.

By the end of the day, Apple's latest iPhone was all but sold out across the U.S., including Chicago, San Francisco, Indianapolis, Los Angeles, Portland, Ore., Miami and Charlotte.

Best Buy said it was sold out; RadioShack said it hoped to replenish its stock for the weekend. Wal-Mart said sales were "brisk" and that it is working to get more phones. "They can't get here soon enough," said Wal-Mart spokeswoman Melissa O'Brien.

Facebook targets China, Russia and Japan

Facebook is looking to China, Russia and Japan for its next phase of expansion as its overall growth has begun to taper.

Mark Zuckerberg, founder and chief executive of the world’s largest social network, said that with almost 500m members, Facebook was finding it impossible to maintain its breakneck growth.
EDITOR’S CHOICE
Charm offensive to lure advertisers - Jun-23
Facebook looks to boost advertising profile - Jun-20
Sobriety at Cannes tempers agencies’ roar - Jun-21
Social network sites outrun search engines - Jun-08
Interactive: Facebook has changed its privacy policy - Jun-23
AOL sells Bebo to Criterion Capital - Jun-17