Apple iPhone 5 sales sets records

Associated Press
Hazem Sayed, 54, the first in line to purchase the new iPhone 5, holds up his new phone in front of media outside the Fifth Avenue Apple store, Friday, Sept. 21, 2012, in New York. Hundreds of people waited in line through the early morning to be among the first to get their hands on the highly anticipated phone. (AP Photo/John Minchillo)

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Apple Inc sold out of its latest smartphone, with more than 5 million iPhone 5s sold in the three days since it hit stores, according to a company statement. Apple unveiled the latest iPhone 5 on Sept. 12.

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