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Apple Sets Milestone With iPhone 5 Sales

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(Photo by Mario Tama/Getty Images)

(Photo by Mario Tama/Getty Images)

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cheap eats 300x225aa Apple Sets Milestone With iPhone 5 Sales

NEW YORK (CBSMiami/AP) – A milestone for Apple Inc.

On Monday the company announced that it had sold more than 5 million units of the iPhone 5 in the three days since its launch. While it topped the number of iPhone 4s sold in its opening weekend by a million, it was still less than analysts had expected.

Topeka Capital Markets analyst Brian White expected Apple to sell 6 million to 6.5 million iPhone 5s in the first three days. He said the shortfall was largely due to limited supply. White said the phone was sold out at 80 to 85 percent of the U.S. Apple stores he and his team contacted Sunday evening, and the ones that were still available were mostly Sprint models.

Online delivery times have stretched to three to four weeks.

The phone will go on sale in 22 more countries on Friday and in more than 100 countries by the end of the year.

Meanwhile, the company that makes Apple’s iPhones said it has suspended production at a Chinese factory after a fight involving as many as two thousand employees. Company officials said production will resume Tuesday. What prompted the fight is still under investigation.

(TM and © Copyright 2012 CBS Radio Inc. and its relevant subsidiaries. CBS RADIO and EYE Logo TM and Copyright 2012 CBS Broadcasting Inc. Used under license. All Rights Reserved. This material may not be published, broadcast, rewritten, or redistributed. The Associated Press contributed to this report.)

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