Tags: apple | sells | out | iphone5

Apple Sells Out of IPhone 5; Sales Top 5 Million

Monday, 24 Sep 2012 09:44 AM

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
Apple Inc sold out of its latest smartphone, with more than 5 million iPhone 5 sold in the three days since it hit stores, the company said on Monday.

The early total blasted past sales of the iPhone 4S, which sold more than 4 million units in its first weekend after Apple introduced it in October 2011.

Apple said while the majority of iPhone 5 pre-orders have been shipped to customers, many were scheduled to go out in October.

"While we have sold out of our initial supply, stores continue to receive iPhone 5 shipments regularly and customers can continue to order online and receive an estimated delivery date," Apple Chie f Executive Tim Cook sa id in a statement.

Apple signaled last week that pre-orders outstripped initial supply and that many p hones w ould not be available until October.

Still , there we re concerns Apple may not be able to produce t he i Phone 5 f ast enough to m eet demand a round the world.

"They may not be able to build them fast enough to hit their targets," said Colin Gillis, a research analyst with BGC. "The reality is if they can't build (fast enough), a ny hiccup is going to be a negative."

On Friday, fans lined up at stores in cities around the world to get their hands on the new phone, which is thinner and lighter and has a bigger screen.

Shares of Apple were down 1.2 percent at $691.54 in early trading.

© 2014 Thomson/Reuters. All rights reserved.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

Lawyers: Dallas Hospital Not at Serious Risk Over Ebola Death

Wednesday, 22 Oct 2014 23:27 PM

If they decided to seek more than an apology from Texas Health Presbyterian Hospital, the family of Thomas Eric Duncan,  . . .

Nancy Snyderman, NBC Crew Freed From Ebola Quarantine

Wednesday, 22 Oct 2014 19:47 PM

NBC News' chief medical editor, Dr. Nancy Snyderman, and the rest of her crew have been released from their 21-day Ebola . . .

Report: Secret Service Blasted Again for Improper Behavior

Wednesday, 22 Oct 2014 18:51 PM

The Secret Service is in trouble again, this time over a report that agents improperly became involved in a domestic has . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved