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Five million iPhone 5 sold in first weekend

By Catholic Online (NEWS CONSORTIUM)
September 24th, 2012
Catholic Online (www.catholic.org)

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.

LOS ANGELES, CA (Catholic Online) - This year's iPhone model simultaneously went on sale in the United States, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the United Kingdom. Last year's launch of the iPhone 4 did not include Hong Kong and Singapore, so these new numbers are a bit skewed.

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.

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