NPR : News

Filed Under:

More Than 5 Million New iPhones Sold In Debut Weekend, Apple Says

Apple sold more than 5 million iPhones this weekend, the company said in a press release. That surpasses the initial sales of the previous version.

As Bloomberg news reports, demand for the new phone quickly exceeded the initial supply, but some analysts expected bigger sales.

They report:

"A successful debut for the iPhone, responsible for about two-thirds of profit, is crucial to fueling the growth that transformed Apple from a niche computer maker into the world's most valuable company. Demand for the iPhone 5, with a bigger screen and faster wireless speeds, gives Apple a boost over rivals including Samsung Electronics Co. that use Google Inc.'s Android mobile software.

"'The number is lower than what people had expected,' said Brian White, an analyst at Topeka Capital Markets, in an interview. He had estimated debut weekend sales of 6 million to 6.5 million units. 'This seems to be driven more by availability than demand.'"

That last part of the sentence is important. USA Today reports that if Apple had predicted better numbers and been prepared with more units, the sales would've been better — a lot better.

"The reality is, because of the supply, they could have sold more," Piper Jaffray analyst Gene Munster told USA Today. Munster said without a supply constraint Apple could seen a number "closer to 7-8 million."

In a statement, Apple CEO Tim Cook thanked his customers for their patience saying the company is working "hard to build enough iPhone 5s for everyone."

Of course, that may be a little harder considering the news Mark told us about earlier today. Foxconn, a key manufacturer for Apple, shut down one of its Chinese plants after workers rioted.

Copyright 2012 National Public Radio. To see more, visit http://www.npr.org/.

NPR

Check Out These Musicians Who Literally Play With Their Food

It turns out beans aren't the only musical fruit. The London Vegetable Orchestra is one of many musical acts that uses all sorts of fruit and veg to produce sweet (and savory) sounds.
NPR

Check Out These Musicians Who Literally Play With Their Food

It turns out beans aren't the only musical fruit. The London Vegetable Orchestra is one of many musical acts that uses all sorts of fruit and veg to produce sweet (and savory) sounds.
WAMU 88.5

The Politics Hour - May 27, 2016

Congress votes to override DC's 2013 ballot initiative on budget autonomy. Virginia governor faces a federal investigation over international finance and lobbying rules. And DC, Maryland and Virginia move to create a Metro safety oversight panel.

NPR

Hokule'a, The Hawaiian Canoe Traveling The World By A Map Of The Stars

A voyaging canoe built to revive the centuries-old tradition of Hawaiian exploration is circumnavigating the globe. Its crew has already traveled 26,000 miles navigating with the sun, stars and waves.

Leave a Comment

Help keep the conversation civil. Please refer to our Terms of Use and Code of Conduct before posting your comments.