iPhone 5 sales top 5M in first weekend


01:09 AM September 25th, 2012

By: Sophie Estienne, September 25th, 2012

In this Friday, Sept. 21, 2012, file photo, a staff member of Apple Inc. shows the iPhone 5 to customers at the Apple store in Hong Kong. Apple Inc. said Monday Sept. 24, 2012, that it has sold more than 5 million units of the new iPhone 5 in the three days since its launch, less than analysts had expected. AP PHOTO/KIN CHEUNG

NEW YORK—Sales of Apple’s new iPhone 5 broke records in its launch weekend with sales above five million, a figure that disappointed analysts and pressured the company’s share price.

Apple shares fell more than two percent in opening trade Monday before paring losses, as analysts said the Silicon Valley tech giant was facing supply constraints, which limited sales of the new smartphone.

“Demand for iPhone 5 has been incredible and we are working hard to get an iPhone 5 into the hands of every customer who wants one as quickly as possible,” said Tim Cook, Apple’s chief executive, in a statement early Monday.

Apple opened sales Friday of the latest version of the iconic smartphone, leading to long queues in the nine launch countries.

The phone will be available in 22 more countries by the end of the week and 100 countries by year’s end.

Cook said that “while we have sold out of our initial supply, stores continue to receive iPhone 5 shipments regularly and customers can continue to order online and receive an estimated delivery date.

“We appreciate everyone’s patience and are working hard to build enough iPhone 5s for everyone,” he said.

Apple also said that the new mobile operating system iOS 6 had been downloaded for “more than 100 million iOS devices” since it was launched last week.

Analysts expect massive sales of the iPhone 5, which is lighter, slimmer and more powerful than its predecessors, even though the device has garnered only lukewarm reviews and has drawn complaints for its glitch-prone maps program.

But at 1440 GMT, Apple shares were down 1.42 percent at $690.17.

Brian White at Topeka Capital Markets said the iPhone sales figures were “below our expectations” and added that “we were at the lower end of expectations.”

“We believe this shortfall is largely due to supply availability and the fact that most consumers are opting for the pre-order option,” White said in a note to clients.

“We remain aggressive buyers of Apple on any weakness in the stock price this morning as we believe Apple has another blockbuster on its hands with the iPhone 5 and we expect the ‘iPad Mini’ to launch in the coming weeks.”

Last week, Deutsche Bank analysts boosted their estimates for overall iPhone sales, saying they expected between five and six million in the opening weekend and 138 million by the end of 2012.

Ben Reitzes at Barclays said Apple is “facing significant production constraints” but that this will only push back sales a bit.

“We believe our estimates for Apple could still be conservative after the September quarter. We reiterate our overweight rating and our $810 price target,” he said in a note to clients.

Some analysts argue, however, that Apple has fallen short, as other companies such as Samsung improve rival offerings powered by Google’s Android operating system.

Apple also faced a barrage of criticism after it ditched Google’s maps application in favor of its own program riddled with errors. Many users protested that the new maps misplace some landmarks and leave others off altogether.

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  • generalproblem

    hehehe yung mga nagrereklamo dito about sa iphone 5 eh yung mga walang pambili. try nyo muna para malaman nyo na walang sinabi yung samsung na kumopya lang sa ipnone…

    • http://pulse.yahoo.com/_UGCWE4AWTPG6SCFOWUNILLSW5A mark

      I have money to burn but I have the brains to discern… Mahirap kasi magpaka-fanboy tapos bibili pero di naman nagagamit ng maayos or to the fullest extent na pwedeng magamit ang phone. Anong gagawin ko sa iphone 5? pang-games lang or status symbol? Not because it’s from Apple it’s the best. Meron din kasi marunong mag-isip kung worth it yung price tag sa phone na merong alternative na you can customize to your heart’s desire that you can get at a cheaper price. But these are just my opinions. Ayoko lang naman kasi yung mga mahilig mag-generalize. Try mo lang din kasi wag maki-uso. Di naman magugunaw ang mundo kung di lahat naka- iPhone 5 diba? Kaya nga masaya ang mga ganitong discussions eh.

      • generalproblem

        marami kang magagamit sa iphone 5. hindi ito pang games lang o status symbol. isa itong equipment na magagamit mo sa ibat ibang bagay. ito ang gamit ko sa opis at sa bahay to check email, check my bank, check my stocks, bili ng mga bagay bagay sa internet, arrange my schedule, alert me on everything and many more. kaya nga ang sabi ko bakit nagrereklmao agad kayo sa iphone hindi nyo pa naman nasusubukan gamitin. again a kind of sour graping sa mga walng pambili.

      • http://pulse.yahoo.com/_UGCWE4AWTPG6SCFOWUNILLSW5A mark

        Good for you you use it to it’s fullest. Ang problem lang kasi ang construction mo ng sentence mo. More on yabang. Just like your post above.  Just don’t generalize.   

      • generalproblem

        well kaya tayong pinoy di umasenso dahil inuuna pa ang comments nyo sa paggamit ng english at grammar sentence construction kesa sa mgagandang bagay. marami akong natutunan sa hapon at intsik since na makatarbaho ko sila. wala silang pakialam sa yo sarili lang nila ang pinakikialaman. pag sira damit o di naplantsa di sila naligo o mali ang english nila walang nakikialam sa kanila at di rin sila nakikialam. ang mahalaga sa kanila ang di mamintas at di makaakit sa tao. ang daming mayayabang dito comments ng comments about iphone 5 pero ang tutuo walang pambili. ugali nating pinoy nauuna ang negative thinking kesa positive. i think it is time to change our ugali

  • hustlergalore

    wow. ang daming nagogoyo! parang star cinema lang!

  • http://pulse.yahoo.com/_PJTH3SHQU3B4TCUVRH2UXZCJDY Balahura

    why spend your money in this icon when you can buy a cheaper and better product… is this some sort of idolatry or just a media hype?

    • Mamang Pulis



    OVERRATED product!

    • generalproblem

      bili ka muna para malaman mo kung bakit sikat ito.

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