iPhone 5 sales hit 5 million, but fall short of estimates
The dumbest thing about the iPhone 5
The dumbest thing about the iPhone 5
Justin Sullivan/Getty Images

More than 5 million iPhone 5 units have been sold since the smartphone went on sale in stores on Friday, surpassing the record set last year by the iPhone 4S, but still falling short of analysts' estimates. (The number sold excludes pre-order sales of phones that haven't been delivered.) Predictions for the debut of the iPhone 5 were anywhere from 6 million units to as many as 10 million. As with previous models, Apple said that demand for the device exceeded the initial supply. "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 chief executive officer.



Subscribe to the Week