Technology News Blog

iPhone 5 sales top 5 million on its opening weekend

Today in Tech

View photo


Analysts believe over 40 million phones could be in the public's hands by year end

Did you rush out and buy a new Apple iPhone 5 on Friday, or did you have one ordered online in time for first-day delivery? If so, you're in good company: Apple estimates that it sold over 5 millions iPhone 5 devices this past weekend, a number limited only by the quantity of units the company could produce.

Lines and hype aside, it turns out that Wall Street was a bit disappointed with Apple's opening-day sales. Some analytics firms were expecting sales to reach nearly double that. But those "disappointing" sales were simply a matter of demand outstripping supply — countless customers are still anxiously awaiting their phone delivery. Apple sold 4 million iPhone 4S units on that device's opening weekend, with 1 million people pre-ordering a device the first day it was possible to do so. Comparatively, 2 million iPhone 5s were sold within 24 hours. Brian Marshall, an analyst with ISI, suggests sales of the iPhone 5 will reach as high as 41 million by the end of the year.

Even non-Apple retailers were quickly selling out of iPhone 5 devices on Friday. Long lines at Apple stores are always the norm, but lines even formed outside select carriers' mini-mall outposts. And a quick check of the local Best Buy had all AT&T iPhone 5s sold out within minutes of opening; only three Verizon phones were left after 15 minutes of sales.

This article was written by Fox Van Allen and originally appeared on Tecca

More from Tecca:

View Comments (6)