iPhone 5 set sales records, stocks sink

Chelsea Ratterman

Editor-In- Chief

Graphic courtesy of mctcampus.com

Sales for the new Apple iPhone 5 skyrocketed past its predecessor’s sales with ease during the Aug. 21 weekend.

The iPhone 5 set sales records, selling 5 million iPhones within 3 days. The iPhone 4S sold 4 million its opening weekend.

Sales followed a pre-order marathon from consumers, who preordered two million phones within the 24-hour period after pre-sales opened. This also beat the numbers from the iPhone 4S debut, which only saw an estimated one million pre-orders in the same 24-hour time frame. Estimated dates for consumers who pre-ordered the phone was three to four weeks.

Apple CEO Tim Cook said in a statement released by Apple that “demand for iPhone 5 has been incredible and we are working hard to get an iPhone 5 into the hands of every customer who wants one as quickly as possible.”

According to Cook, Apple sold out of its initial shipment of iPhones, but stores are still receiving regular shipments to meet demand and customers who order online will receive an estimated delivery date, averaging near the four week mark. Continue reading