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I-POPULAR iPhone 5 Sales Surpass 5 Million Christof Stache, AFP / Getty Images

iPhone 5 Sales Surpass 5 Million

Maybe Apple Maps aren’t so bad after all. The new iPhone 5 sold more than 5 million units over the weekend, easily topping the record set by the 4S last year. But the sales fell short of analysts’ expectations, some of whom had predicted sales as high as 10 million. Apple CEO Tim Cook remained upbeat, saying, “Demand for the iPhone 5 has been incredible ... 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.”

September 24, 2012 10:11 AM