Telecom & Wireless
Five Million iPhone 5s Sold over the Weekend
Published:
Last Updated:
Apple Inc. (NASDAQ: AAPL) announced this morning that the company sold more than 5 million iPhone 5 units over the three days since the product was released. The phone was available to customers in the U.S. and eight other countries on its first weekend and will be available in 22 more countries by the end of this week. The iPhone 5 will be sold in more than 100 countries by the end of the year.
Source: Apple
The huge first weekend sales figure eclipses the 4 million iPhone 4S sales following the product’s announcement last year. An estimate from an analyst at Piper Jaffray for 10 million iPhone 5 sales by the end of September certainly looks to be within reach.
Apple also reported that 100 million iPhone owners who did not buy a new iPhone 5 have already upgraded to the new iOS 6 mobile operating system.
Apple’s shares are down more than 2% this morning at $684.88 in premarket trading. The 52-week range for the stock is $354.24 to $705.07.
Paul Ausick
Essential Tips for Investing: Sponsored
A financial advisor can help you understand the advantages and disadvantages of investment properties. Finding a qualified financial advisor doesn’t have to be hard. SmartAsset’s free tool matches you with up to three financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. If you’re ready to find an advisor who can help you achieve your financial goals, get started now.
Investing in real estate can diversify your portfolio. But expanding your horizons may add additional costs. If you’re an investor looking to minimize expenses, consider checking out online brokerages. They often offer low investment fees, helping you maximize your profit.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
