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NEW YORK (AP) —
Apple says it sold more than 13 million iPhone 6s and 6s Plus phones in the three days since its iPhone launch, topping last year's early sales mark.
Apple sold 10 million IPhone 6 and 6 Plus models during their first weekend last year. This year's results include sales in China which was included in the initial launch for the first time.
Apple said previously that preorders were so strong that it expected to surpass last year's record.
PiperJaffray analyst Gene Munster said results came in at the high end of his expectations for sales of 12 million to 13 million. He estimates China added about 2 million in sales.
"Today's news suggests the iPhone 6 cycle is off to a good start," he wrote.
The new models have more memory and faster processors, along with a new 12 mega-pixel camera, and starts at $649. Apple and wireless service providers are also offering leasing and monthly installment plans.
Cupertino, California-based Apple Inc. says the phones will be available in 40 additional countries beginning Oct. 9 including Italy, Mexico, Russia, Spain and Taiwan and 130 countries by the end of the year.
Apple said sales completed by Sept. 26 will be included in Apple's fiscal fourth quarter results, and sales completed on Sunday, Sept. 27 will be included in Apple's first-quarter 2016 results.
Shares slipped $1.28 to $113.43 in morning trading Monday.
CAPE CANAVERAL, Fla. (AP) —
Mars appears to have flowing streams of salty water, at least in the summer, scientists reported Monday in a finding that could have major implications for the possibility of life on the red planet.
Scientists in 2008 confirmed the existence of frozen water on Mars. But the latest observations from an instrument aboard NASA's Mars Reconnaissance Orbiter strongly support the longtime theory that salt water in liquid form flows down certain Martian slopes each summer, according to the researchers.
"Mars just got more interesting," NASA said via Twitter before holding a news conference at its Washington headquarters. The space agency called the results "a major science finding."
Because liquid water is essential to life, the findings could boost the notion of living organisms on Mars. The researchers said in the journal Nature Geoscience that further exploration is warranted to determine whether microscopic life exists on the planet.
The evidence of flowing streams consists of dark, narrow streaks on the surface that tend to appear and grow during the warmest Martian months and fade the rest of the year.
Mars is extremely cold even in summer, and the streaks are in places where the temperature has climbed above minus-10 degrees Fahrenheit. But salt can lower the freezing point of water and melt ice.
The source of the water is still a mystery. Scientists noted it could be melting ice, an underground aquifer, water vapor from the thin Martian atmosphere, or some combination.
The Mars Reconnaissance Orbiter has been circling the planet since 2006.
The lead author of the research paper, Lujendra Ojha, is from Georgia Institute of Technology.
NEW YORK (AP) —
Republican presidential front-runner Donald Trump on Monday proposed eliminating income taxes for millions of Americans, and lower rates for the highest-income earners, as part of a plan he said would grow the U.S. economy at a pace not seen in years.
Trump's plan for an overhaul of the U.S. tax code would eliminate federal income taxes on individuals earning less than $25,000 and married couples earning less than $50,000. He said those individuals would receive "a new one page form to send the IRS saying, 'I win.'"
Trump's plan would also disproportionally benefit wealthy earners by lowering the highest income tax rate from 39.6 percent to 25 percent, and businesses by cutting their tax rate — from major corporations to mom-and-pop shops — to no more than 15 percent.
"There will be a major tax reduction," Trump said at a news conference at his Trump Tower skyscraper in Manhattan. "It'll simplify the tax code. It'll grow the American economy at a level that it hasn't seen for decades."
Trump said he wants to eliminate the so-called "carried interest loophole" that allows managers of hedge funds and private equity firms to pay a lower tax rate than most individuals, and would reduce or eliminating most deductions and loopholes for both individuals and corporations. "In other words, it's going to cost me a fortune," he said.
The billionaire real estate mogul said those changes would pay for the tax cuts, along with an increase in tax revenue generated by economic growth. Trump estimated that his plan would lead the economy to grow at least 3 percent a year, and as much as 5 or 6 percent — a rate of growth that most economists say is unrealistic.
Trump said his plan would also bring in new sources of revenue to the Treasury by allowing corporations to bring money held in overseas accounts back to the United States after paying a one-time tax of 10 percent. He would also prevent companies from deferring taxes paid on income earned abroad.
In sum, he says, the changes he wants to enact would not add to the annual federal budget deficit or the national debt.
"We have an amazing code," Trump said of his tax system. "It will be simple. It will be easy. It will be fair."
Trump said the plan had been crafted with the help of leading economists, but refused to say who they are during his news conference. He also said his plan didn't suit any particular political agenda, describing it as a "common sense approach."
The tax plan is the third major policy proposal from Trump, who has also outlined plans for immigration and guns. He has been criticized for failing to unveil specific policy proposals as he's risen in early preference polling.