Apple IPhone 5 Misses Estimates as 5 Million Units Sold
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Apple Inc. reported debut weekend sales for the iPhone 5 that fell short of some analysts’ estimates after supply constraints delayed shipments.
More than 5 million iPhone 5s were sold in the first three days, surpassing a record set last year by the previous model, Cupertino, California-based Apple said today in a statement. Apple said demand for the new handset continued to exceed the initial supply, an issue the company cited last week as the cause of delivery delays for some early online orders.