iPhone 5 Sales Surpass 5 Million

    A customer looks at the iPhone 5 at the Apple Store in the southern German city of Munich on September 21, 2012 as the iPhone 5 goes on sale today. AFP PHOTO/CHRISTOF STACHE        (Photo credit should read CHRISTOF STACHE/AFP/GettyImages)

    Christof Stache, AFP / Getty Images

    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.”

    Read it at Bloomberg