Apple fan Greg Parker departs the Apple Store on 5th Avenue after purchasing an Apple iPhone 5 in New York, September 21, 2012 (© lucas Jackson/Newscom/Reuters)

5 million initial iPhone 5 sales isn't enough for Apple

9/24/2012

You'd think Apple bigwigs would be content with selling 5 million mostly shiny (slightly scratched) iPhone 5s on opening weekend, but everywhere disappointment looms, and stock slides. It seems that investors were hoping to hit 8 million (double the iPhone 4's opening figures), with big-money factors like adding two new countries to its global domination, endless pre-order lists and, of course, those mile-long Apple store lines. Well, in case the head-scratching honchos missed it, it seems that folks aren't too happy with the misdirecting, but very cool looking, Maps app. In addition, the massively publicized iPhone 5 shortage may have persuaded a few folks to stay at home. Apple admits low supplies are hampering sales – and uprisings like the one at a Chinese factory today aren’t helping. [Source]

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