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Apple says more than 5 million iPhone 5s sold

By Peter Svensson

AP Technology Writer


NEW YORK » Apple Inc. said today that it has sold more than 5 million units of the new iPhone 5 in the three days since its launch, less than analysts had expected.

Apple shares were down $15.31, or 2.2 percent, at $684.79 in premarket trading.

The iPhone 5, the most eagerly awaited phone of the year, went on sale Friday in the U.S., Germany, France, Japan and five other countries.

When it launched the iPhone 4S a year ago, Apple sold 4 million in the first three days.

Apple could have sold more iPhones if it had more available: demand exceeded supply for most models. Topeka Capital Markets analyst Brian White said the phone was sold out at 80 to 85 percent of the U.S. Apple stores he and his team contacted Sunday evening, and the ones that were still available were mostly Sprint models.

Online delivery times have stretched to three to four weeks.

White had expected Apple to sell 6 to 6.5 million iPhone 5 units in the first three days.

The phone will go on sale in 22 more countries this Friday and in more than 100 countries by the end of the year.

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frontman wrote:
People would be shocked to know how many of these buyers are people on public assistance. They can by a new ihone but can't buy food or pay for everyday living. We are out of wack and socialism is spreading.
on September 24,2012 | 06:33AM
jusmetwocents wrote:
Do you have facts? Or are you just flapping your lips in the wind? I'd like to have the new iPhone 5 but I really don't want the two year AT&T contract that comes with it. Paying $649 per unlocked iPhone 5 multiplied by my family of four ($2,596 plus tax) puts this device a little out of our reach for right now. We will stay with our iPhone 4's for the time being...
on September 24,2012 | 07:18AM
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