Earnings Call: Apple Says It Can’t Make Enough New iPhones To Meet Demand

Apple (NSDQ: AAPL) peeled back the curtain a bit today, revealing just how well iPhones sales are going — and how it is cannibalizing sales of their legacy iPods. Apple’s CFO Peter Oppenheimer said during the company’s Q3 earnings conference call that they are thrilled to have sold 5.2 million iPhones during the period. In fact, “we can’t make enough iPhone 3GS’s to meet demand.”

In the question-and-answer period, Apple’s COO Tim Cook declined to break down iPhone sales between the older 3G $99 model vs. the iPhone 3GS, which added features, such as video-recording and an internal compass. But he said: “As we made the changes — both the launch of the 3GS and the price reduction — we saw a significant increase in total sales. We don