Apple IPhone 5 Misses Estimates as 5 Million Units Sold

Apple Inc. (AAPL) reported entrance weekend sales for a iPhone 5 that fell brief of some analysts' estimates amid supply constraints.

More than 5 million units were sole in a initial 3 days, leading a record set final year by a prior model, a iPhone 4S, Cupertino, California-based Apple pronounced currently in a statement. Demand for a new handset exceeded a initial supply, Apple said.

A successful entrance for a iPhone, obliged for about two-thirds of profit, is essential to fueling a growth (AAPL) that remade Apple from a niche mechanism builder into a world's many profitable company. Demand for a iPhone 5, with a bigger shade and faster wireless

Read full article: http://www.ynetnews.com/articles/0,7340,L-4279770,00.html

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Source:
http://www.ezonearticle.com/2012/09/24/apple-iphone-5-misses-estimates-as-5-million-units-sold/