The following is an excerpt from David Goldman | September 24, 2012 | CNN.com |
NEW YORK (CNNMoney) — Apple sold more than 5 million iPhone 5 phones since the highly anticipated device went on sale on Friday, setting a new sales record for the device, Apple announced Monday.
Over the weekend, the company outpaced the 4 million iPhone 4S units that it sold during last year’s opening weekend, though the numbers are a bit skewed. This year’s iPhone was simultaneously launched in the United States, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the United Kingdom, while last year’s launch did not include Hong Kong and Singapore.
Investors viewed the iPhone 5′s opening weekend as somewhat of a disappointment. Wall Street analysts had anticipated a slightly more robust opening weekend, with most projections in the 6 million range.
Shares of Apple (AAPL, Fortune 500) fell by more than 1% by then end of trading on Monday.
Preordered iPhone 5s that have not yet shipped to customers are not counted in Apple’s overall sales figures. That could signal that demand for the device is higher than the early sales numbers indicate, some analysts noted.
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