iphone demand

Gene Munster, an analyst at Piper Jaffray Cos. (PJC), had predicted Apple would sell as many as 10 million of the iPhone 5 during the opening weekend. Brian Marshall, an analyst at ISI Group, had anticipated sales of 6 million to 8 million phones.
Apple’s figure includes sales from wireless carriers, retail outlets, Apple stores and online orders that customers have received, Marshall said. It excludes early orders from Apple’s online store that haven’t been delivered, he said.5 million units of the iPhone 5 were sold in the first three days, surpassing a record set last year by the previous model, the iPhone 4S, Cupertino, California-based Apple said today in a statement. Demand for the new handset exceeded the initial supply, Apple said.