iPhone 5 sales hit 5 million

Apple has announced that iPhone 5 sales reached 5 million over the weekend.The phone, which launched on Friday, broke the record for most smartphone sales in 72 hours, beating out the iPhone 4S from last year.Apple said demand was higher than current available inventory, leading to a small delay for some online orders.Despite the record, many analysts believe Apple fell short of expectations, which were for up to 10 million by most accounts. This is attributed to the delays, as Apple does not count online sales until they have actually shipped.Apple noted that online pre-orders had topped 2 million on September 17th.Permalink | Comments

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