THE NEW IPHONE 5

Iphone 5 sells five million copies

in three days?!

Article: The Guardian

Date Published: September 24th, 2012

Article Written by: Dominic Rushe

Summary:

Apples selling a fantastice 5 million copies of the latest Iphone
in just three days.

In just three days, customers storm into stores desperate to buy the Iphone 5. In these three days, Apple sucessfully sells five million copies of the latest Iphone. More than two million customers pre-ordered the Iphone 5, however Apples shares have dropped $10 in early trading. As good as this sounds the expectation did not meet the predictions of Wall Street analysts, infact some predicted twice as more as the numbers show now. Analysts said that Apple was expected to sell 25 million Iphones in the September quarter. Tim Cook, cheif executive for Apple quotes "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". Just last year Apple sold four million Iphone 4s in its opening weekend. Apple has destructive rollout plans for the Iphone 5; so far selling in nine countries, they predict to be selling at 100 countries at the end of the year. Colin Gillis, a technology analyst at BBIG in NY explains; even though Apple has sold one million more products then last year, because the brand name Apple has such high reputation from their products the company should have done better. They did not meet the records that were expected to set. Mr. Gillis also says that the smartphone business is slowing down since there are so many models out their it is not as unique as it was 5 years ago. As of mid morning of that day Apple shares have fallen $10 to $690.09 and ended the day with $9.30 at $690.79

Opinion:

Personally, I was ready for the Iphone 5 to excite the whole world again as they did with the previous models. I have been waiting for this ever since March, and sadly I was not too happy with the Iphone 5. The appearance is exactly the same, of course they made everything more fast and enabled retina display to the phone etc. but what really broke me down that the only appearance changed they made (other than making the screen longer) was making the phone thinnier by 2.3 mm. Who ever brainstormed this idea is foolish, I mean were they expected for everyone to faint from this mind blowing news? Who looks at a phone and says "Yes, from looking at the Iphone 5 from afar I can definetly see the width difference of the phone", nobody does that. As much as I love Apple, ever since Steve Jobbs past away the company has been using the same model and making microscopic differences. The only reason I want this phone is because I have been waiting with my 3gs for the past 7 months and from the looks of it I am debating if I should get the Samsung Galaxy S3. Also the fact that people are buying this phone and Apple sold more than double the amount of copies is very suprsising. It shows that there are people in the world who need to realize what they are spending their money on because they are throwing away their money every year on the same model but with tiny differences. One thing that Apple did well though, was selling the product for a fair price. I am with Fido and they are selling the Iphone 5 for $179, which is also motivating me to buy the product.