Five million iPhone 5 sold in first weekend
Weekend sales sets new record for Apple
It has a nice alliteration to it - Apple sold five million copies of their new iPhone 5, setting a new record for the gadget giant. The hotly anticipated device outpaced the 4 million iPhone 4S units that it sold during last year's opening weekend.
In spite of strong sales, investors viewed the iPhone 5's opening weekend as somewhat of a disappointment. Wall Street analysts anticipated a slightly more robust opening weekend, with projections in the six million range.
Shares of Apple fell by more than one percent by the end of trading on Monday.
Pre-ordered iPhone 5s that have not yet shipped to customers are not counted in the overall sales figures, an Apple spokeswoman says. That could signal that demand for the device is higher than the early sales numbers indicate, some analysts noted.
While Apple CEO Tim Cook said he was pleased with the results, he noted that demand outpaced the supply of iPhone 5s. People who ordered them over the weekend may have to wait until October to get their new iPhones.
"Demand for iPhone 5 has been incredible and we are working hard to get an iPhone 5 into the hands of every customer who wants one as quickly as possible," Cook said in a statement.
"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. We appreciate everyone's patience and are working hard to build enough iPhone 5s for everyone."
More than 100 million customers have downloaded or purchased a device with iOS 6, the new mobile software that powers the iPhone, iPad, and iPod Touch.
There have been mixed reviews for the iPhone 5. Though most reviewers were satisfied with the thinner, lighter, taller design and the faster processor, they were largely disappointed with the new Lightning connector's compatibility issues and with the Apple Maps application.
© 2012, Catholic Online. Distributed by NEWS CONSORTIUM.
Pope Francis Prayer Intentions for December 2013
General Intention: Victimized Children. That children who are victims of abandonment or violence may find the love and protection they need.
Missionary Intention: Prepare the Savior's Coming. That Christians, enlightened by the Word incarnate, may prepare humanity for the Savior's coming.
Rate This Article
Leave a Comment
More Technology News
- Good news! The universe is a hologram. The bad news? Well, you're not going to like the bad news...
- NSA is piggybacking off private web tracking to ID and watch you, find targets
- IT'S TRUE: Americans have no right to privacy when they give information to a third party -- such as cell phone provider
- Stanford researchers develop a way to literally read minds
- Report reveals FBI can remotely scan your computer without your knowledge
- NASA releases images of mysterious hexagon on Saturn
- Mars One may stage ultimate anti-reality show where particpants vie to be voted OFF the planet to their demise
- Evidence of an ancient freshwater lake on Mars discovered
- Ultra-secret, Area-51 spy plane finally revealed to the public
- Fr. Paul Schenck: Finding Living Faith on Catechetical Sunday
- The Movie Yellow: Incest as 'Normal' and Cassavates's Slides Into the World of Woes
- The Chicago School Teachers Strike Reveals the Need For School Choice
- The Sexual Barbarians and the Dissolution of Culture
- The Happy Priest Challenges Us to Ask: Who is Jesus to Me?
- Michael Coren on Canadian Public Schools: Teachers, leave those kids alone
- We Cannot Ignore Our Consciences: Cardinal Dolan On Religious Liberty
- In the Face of Danger, Successor of Peter Travels to Lebanon as a Messenger of Peace
- Reflections on the Dignity and Vocation of Women: Who or What?