The truth about iPhone 5’s first-weekend sales
Customers hover around a table of iPhones and iPads at the SF flagship store.
(Credit: Josh Lowensohn/CNET)
commentary Apple supporters triumphantly cheered on the company after it sold 5 million iPhones over the weekend. Wall Street, however, was disappointed by the figure after seeing the long lines on Friday.
The correct reaction probably lies somewhere in the middle. Perhaps a polite golf clap? For analysts, it was a classic case of hype feeding into the estimates, which ramped up to as high as 10 million for the first weekend, numbers that even a powerhouse like Apple couldn’t hope to…
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