Skip to main content

People line up outside of the Apple Store on 5th Avenue for the release of Apple's iPhone 5 in New York, September 21, 2012.

LUCAS JACKSON/REUTERS

Apple Inc. sold out of its latest smartphone, with more than five million iPhone 5 sold in the three days since it hit stores, the company said on Monday.

The early total blasted past sales of the iPhone 4S, which sold more than four million units in its first weekend after Apple introduced it in October, 2011.

Apple said while the majority of iPhone 5 pre-orders have been shipped to customers, many were scheduled to go out in October.

Story continues below advertisement

"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," Apple chief executive officer Tim Cook said in a statement.

Apple signalled last week that pre-orders outstripped initial supply and that many phones would not be available until October.

Still, there were concerns Apple may not be able to produce t he iPhone 5 fast enough to meet demand a round the world.

"They may not be able to build them fast enough to hit their targets," said Colin Gillis, a research analyst with BGC. "The reality is if they can't build (fast enough), any hiccup is going to be a negative."

On Friday, fans lined up at stores in cities around the world to get their hands on the new phone, which is thinner and lighter and has a bigger screen.

Report an error
Tickers mentioned in this story
Unchecking box will stop auto data updates
Due to technical reasons, we have temporarily removed commenting from our articles. We hope to have this fixed soon. Thank you for your patience. If you are looking to give feedback on our new site, please send it along to feedback@globeandmail.com. If you want to write a letter to the editor, please forward to letters@globeandmail.com.

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff. Non-subscribers can read and sort comments but will not be able to engage with them in any way. Click here to subscribe.

If you would like to write a letter to the editor, please forward it to letters@globeandmail.com. Readers can also interact with The Globe on Facebook and Twitter .

Welcome to The Globe and Mail’s comment community. This is a space where subscribers can engage with each other and Globe staff.

We aim to create a safe and valuable space for discussion and debate. That means:

  • Treat others as you wish to be treated
  • Criticize ideas, not people
  • Stay on topic
  • Avoid the use of toxic and offensive language
  • Flag bad behaviour

Comments that violate our community guidelines will be removed.

Read our community guidelines here

Discussion loading ...

Cannabis pro newsletter