Apple sells out of iPhone 5; sales top 5 million

(Reuters) – Apple Inc sold out of its latest smartphone, with more than 5 million iPhone 5 sales in the three days after it hit stores, the company said on Monday.

That number blasted past sales of the iPhone 4. When Apple introduced it in October 2011, it sold more than 4 million units in its first weekend.

With the iPhone 5, Apple said that while the majority of preorders have been shipped to customers, many are scheduled to go out in October.

On Friday, Apple fans lined up around the world to get their hands on the new smartphone – which is thinner and lighter and has a bigger screen.

Shares of Apple were down 2.4 percent at $683.45 in premarket trading.

(Editor’s note: I wonder if supplies were tight; if so, I bet that number would be larger. I pre-ordered too late, so I’m on the wait list.)

(Reporting By Jennifer Saba; Editing by Gerald E. McCormick and Lisa Von Ahn)

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Doddlenews is the news division of the Digital Production Buzz, a leading online resource for filmmakers, covering news, reviews and tutorials for the video and film industry, along with movie and TV news, and podcasting.

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