More than 5 million iPhone 5’s sold in first three days
Posted September 24, 2012 8:12 am.
This article is more than 5 years old.
NEW YORK, NY (NEWS1130) – Apple Inc. says it sold more than 5 million units of the iPhone 5 in the three days since its launch, less than analysts had expected.
Apple shares were down $6.60, or 0.9 per cent, at $693.49 in morning trading. The shares are still close to their all-time high of $705.07, hit Friday as the phone went on sale in the US, Germany, France, Japan and five other countries.
The sales tally is a record for any phone, but it beats last year’s iPhone 4S launch only by a small margin. Apple said then that it sold 4 million phones in the first three days.
Topeka Capital Markets analyst Brian White expected Apple to sell 6 to 6.5 million iPhone 5s in the first three days. He says the shortfall was largely due to limited supply. The phone was sold out at 80 to 85 per cent of the US Apple stores White and his team contacted last night, and the ones that were still available were mostly Sprint models.
Online delivery times have stretched to three to four weeks.
The phone will go on sale in 22 more countries this Friday and in more than 100 countries by the end of the year.
