Apple’s new smartphones typically sell well in the first few days they are available, and the iPhone 5 was no exception. Apple revealed that it sold over five million units in the three days since the debut.
Demand Still Exceeding Supply
Many of the five million units sold went to people who had placed pre-orders in the week before the debut. Pre-launch demand was so high that it exceeded supply. Apple says that while the majority of pre-orders have been shipped to customers, many people are going to have to wait until October.
“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 CEO. “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.”
A iPhone 5 ordered today on Verizon’s website won’t be delivered until Oct. 19, while AT&T says 21-28 business days, which means around Oct. 23. Sprint says delivery for an order placed today could take up to 3 weeks for delivery. Apple itself says 3-4 weeks.
The iPhone 5 sports a number of improvements over its predecessor, the iPhone 4S. The major highlights of the device include a larger 4-inch display, a fast A6 processor (which Apple claims doubles the speed of many processes), full 4G LTE support, a new operating system, and a new connector dubbed Lightning.
There are versions with 16GB of storage ($200), 32GB ($300), or 64GB ($400). These prices require a two-year service contract.