Apple announced on Monday that it sold more than five million units of its latest smartphone product, the iPhone 5, in just three days after last Friday's launch, but the number still missed some analysts' estimates. "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," said Tim Cook, Apple's chief executive officer, in a statement. In the same period last year, Apple sold four million units of the previous iPhone 4S. Meanwhile, the company said that more than 100 million iOS devices have been updated with iOS 6, the latest version of Apple' s mobile operating system. The initial iPhone 5 sales number fell short of some analysts' estimates, which ranged from 6 million to 10 million. According to some analysts, supply constraints may be the main reason why Apple has reported the "disappointing" number. "We find it unfortunate that some analysts continue to publish irresponsible estimates without taking into account realistic demand trends and potential supply constraints on new in-cell touchscreens," Shaw Wu, a well-known analyst from Sterne Agee, told Fortune. According to AppleInsider, Morgan Stanley said in a note to investors that Apple could sell 50 million units of the iPhone from October through December, and that the company's share price could rise to as high as 960 U.S. dollars under a "bull case" scenario.
GMT 20:46 2018 Tuesday ,23 January
New app to help Indians apply for UAE jobs visaGMT 21:37 2018 Sunday ,14 January
Champagne box-sized satellite launchedGMT 21:32 2018 Sunday ,14 January
Man's best friend goes high techGMT 16:11 2018 Friday ,12 January
UAE Research Programme for Rain Enhancement Science leads the way to new scientific and technological horizonsGMT 09:35 2018 Tuesday ,09 January
SpaceX launches secretive Zuma missionGMT 21:38 2018 Friday ,05 January
Our reliance on technology is having an effect on us allGMT 07:47 2017 Sunday ,24 December
China jails VPN owner for over five yearsGMT 20:59 2017 Saturday ,25 November
Now make unlimited voice, video calls in UAE for Dh50

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor