Monday, September 24, 2012

iPhone 5's 5M units: Is this what a 'miss' looks like?


Prior to the door opening at Apple's Cube outlet in Manhattan last Friday, the line wound all the way down 58th Street.


(Credit: Greg Sandoval/CNET) Only on Wall Street would this come across as a disappointment.

Earlier today, Apple announced the sale of 5 million iPhone 5s in its debut weekend. That was a lot better than the iPhone4S' first three days last year. Any way you slice it, that's a ton of product -- Nick Bilton of The New York Times noted quite correctly that that's more iPhones than the number of humans born in the U.S. in a single year. Indeed, Apple reported that demand exceeded the company's initial supply.


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