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Apple iPhone Sales Reach 5 Million Over Weekend


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Earlier I wrote that Apple iPhone 5 sales were blistering. Apple Inc released a press release this morning stating over 5 million units were sold over the first weekend of sales.

Apple® today announced it has sold over five million of its new iPhone® 5, just three days after its launch on September 21, and more than 100 million iOS devices have been updated with iOS 6, the world’s most advanced mobile operating system.

No matter how you slice it, these numbers are incredible. Yet, Apple Inc stock fell today. The explanation is that the challenge Apple has in delivering units. For example, the dates for the sales of units has been pushed back into October. According to Mercury News, "The company's production capabilities were also cited as analysts noted that Apple stores ran out of stock of the iPhone much earlier due to the high demand."

Oh well - there are still those who believe Apple has a target price of over $1,100. And that is much better than Facebook - which fell on its face after launch.

The Apple iPhone 5 comes in either white & silver or black & slate, and is available in the US for a suggested retail price of $199 (US) for the 16GB model and $299 (US) for the 32GB model and $399 (US) for the 64GB model.
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