iPhone 5 Sales Record
The iPhone 5 has sold a record 5 million units over the weekend Apple said. The record breaking number which easily surpassed last year's sale of the iPhone 4s by a million is still short of what Wall Street analysts expected. "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," CEO Tim Cook said. "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." It was widely reported that Apple may have held the new iPhone 5s for its own stores. According to the Wall Street Journal, some Best Buy stores received as few as 10 iPhone 5 devices on launch day. There were retailers that reported they got less iPhone 5s than the number of preorders they received.