Apple Inc. (NASDAQ:AAPL) said it has sold over five million of its new iPhone 5 - the thinnest and lightest smartphone ever - for the first weekend after the launch, breaking the previous record of four million held by iPhone 4S.
In the premarket, shares of Apple fell 2.13% as market analysts had expected Apple to sell more than 8 million of the next-generation iPhone during the first debut weekend.
Apple said more than 100 million iOS devices have been updated with iOS 6, the world's most advanced mobile operating system. In comparison, more than 25 million customers have updated their devices with iOS 5 in the first five days of its release in October 2011.
iPhone continues to remain the flagship product for the world's most valuable technology company. Sales of iPhone have grown to represent more than 40% of the company's total revenue since the release of Apple's first-generation smartphone in January 2007.
Apple said iPhone 5 demand exceeded the initial supply and while the majority of pre-orders have been shipped to customers, many are scheduled to be shipped in October.
"While we have sold out of our initial supply, stores continue to receive iPhone 5 shipments regularly and customers can continue to order online and receive an estimated delivery date. We appreciate everyone's patience and are working hard to build enough iPhone 5s for everyone," said Tim Cook, Apple's CEO.
According to research firm IHS Inc. (NYSE:IHS) iPhone 5 will drive record Apple smartphone sales in the final three months of 2012. The thinnest and lightest smartphone ever will spur Apple's smartphone shipments by 60% to 149 million units in 2012.
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