Apple sold out its initial supply of iPhone 5s, but...
Apple sold out its initial supply of iPhone 5s, but stores “continue to receive iPhone 5 shipments regularly and customers can continue to order online and receive an estimated delivery date,” CEO Tim Cook said Monday. Demand “exceeded the initial…
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supply and while the majority of pre-orders have been shipped to customers, many are scheduled to be shipped in October,” the company said. Apple said it sold more than 5 million iPhone 5s in the device’s first three days. That’s more than the 4 million-plus iPhone 4Ss that Apple said it sold on the prior device’s three-day launch weekend last year. But Apple shares slipped Monday, likely because some analysts had projected Apple could sell 6-8 million iPhone 5s over the weekend and said the company would have if supplies didn’t fall short of demand. Shares closed 1.3 percent lower Monday at $690.79. Apple also said Monday that more than 100 million iOS devices were updated with iOS 6, the latest version of its mobile operating system. The iPhone 5 shipped Friday in the U.S., Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the U.K. It will be available in 22 more countries starting this Friday and more than 100 countries by the end of the year, said Apple. Verizon spokeswoman Brenda Raney said Monday that the Verizon version of the iPhone 5 is “unlocked” for 3G GSM roaming in the U.S. The device will also work using AT&T’s network, giving users the option to switch carriers once the current contract expires. Raney declined to say why the capability was included on the Verizon version of the device.