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Apple sold 5 million iPhone 5 in the first weekend

Its been a few days since the launch of the new iPhone 5 in some of the major markets world wide, and all the eyes and ears are now focused on Apple to know how the new smart phone sold. The company has also released the stats and in just one weekend, the iPhone 5 sold 5 million units. That is a huge number, you would think. And Apple did beat its own records with the older iPhone 4S. The number of pre orders for the new iPhone 5 was almost double that of the iPhone 4S. So the analysts thought and stated that the company will also be able to sell twice the number of iPhone 4S units sold in the first weekend.

This turned out to be wrong, and a few analysts, including investors in the company are a bit disappointed, you could say. Does this mean that the company is losing its market presence a bit? Are there less number of iPhone 5 fans than last year? Is Android, or Samsung winning over Apple? Well, these are some of the questions that the analysts are still trying to find the answers for.

The report says that there has been only a 25% increase in the sales of the new iPhone 5 compared to the previous model, iPhone 4S. Tim Cook, the company’s new CEO, said the following:

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. 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. – Tim Cook, Apple CEO

Did you buy the new iPhone 5?

Source: Phone Arena

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