Apple Sells 5 Million iPhone 5s in 3 Days, Fastest Selling iPhone - News
by William D'Angelo , posted on 24 September 2012 / 8,210 Views
Apple has announced they have sold more than five million units of its iPhone 5 in its first weekend. This sets a record for the highest opening for an iPhone in Apple's history. Despite setting a record the smartphone is sold out in many retailers and Apple is "working hard to build enough iPhone 5s for everyone."
The iPhone 4S which holds the previous record sold four million units in its opening weekend in October 2011. Also the iPhone 4 sold 1.7 million units in its first three days on sale.
Baird Equity Research analyst William Power believed that "sales could have potentially been much higher if not for supply constraints." Some analysts had expected the iPhone 5 to sell as much as 10 million units in its opening weekend.
"We are not overly concerned with this 'disappointing' number as we believe this is a classic case of near-term expectations getting out of touch with reality," Sterne Agee analyst Shaw Wu said. He expects Apple to sell 27 million iPhone in the September quarter and an addition 46.5 million in the December quarter.