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Apple Sells 5 Million iPhones, Below Some Forecasts By Jennifer LeClaire September 24, 2012 2:13PM     Despite the early success -- and despite breaking the 4 million phones sold for the iPhone 4 in the same time frame a year ago -- Apple's iPhone 5 missed analyst estimates. Some analysts estimated Apple would sell as many as 10 million of the iPhone 5 out of the gate. Are analysts concerned? Shaw Wu, an analyst at Sterne Agee, is not.   Related Topics iPhone Apple Sales iOS 6 Tim Cook Latest News What's in Store for Apple's iOS 7? Reality TV's New Stars: Small Biz Soundbars Up the Ante on TV Sound Google Glass Raises Privacy Concerns Pentagon Gives iOS 6 Security OK After a record-breaking pre-order weekend, Apple on Monday announced it has sold more than 5 million of its new iPhone 5 smartphones just three days after the phone's launch last Friday. Apple also reports that more than 100 million iOS devices have been updated with iOS 6, the newest version of the iPhone-maker's mobile operating system. "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," said Tim Cook, Apple's CEO. "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." Why Missed Estimates? Apple had better work fast. Currently, the iPhone 5 is available in the U.S., Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the U.K. But the demand is likely to grow exponentially when it becomes available in 22 more countries on Friday and more than 100 countries by the end of the year. The iPhone 5 is the thinnest and lightest iPhone ever, completely redesigned to feature a new 4-inch Retina display, an Apple-designed A6 chip for faster performance, faster wireless technology, and better battery life than previous models. Still, despite the early success -- and despite breaking the record 4 million phones sold for the iPhone 4 in the same time frame a year ago -- iPhone 5 missed analyst estimates. Some analysts estimated Apple would sell as many as 10 million iPhones out of the gate. Are analysts concerned? Shaw Wu, an analyst at Sterne Agee, is not. Irresponsible Estimates Although the estimates are off, he told us 5 million is still a big number. He believes Apple missing the estimates is more a matter of high expectations getting out of touch with reality. There's also the issue of a shortage. Not everyone who wanted an iPhone 5 was able to purchase one. "To us, it isn't about how well a product does in a few days but how it does over the next two to four quarters," Wu said. "We continue to believe iPhone 5 is a significant update and will drive a powerful product cycle." As Wu sees it, it's unfortunate that some analysts continue to publish irresponsible estimates without taking into account realistic demand trends and potential supply constraints on new touchscreens. At this point, his firm remains comfortable with its forecasts looking for 27 million iPhones in the September quarter and 46.5 million units in the December quarter. Wu also addressed the Maps backlash from users who prefer the Google Maps app over Apple's native option now featured on iOS 6. He is certain that the Maps software will get better over time "We view this as a temporary setback," Wu said. "We believe for most users, the new Maps application is a significant breakthrough where the main attraction is in its turn-by-turn navigation and new imaging with 3D photo-realistic views."   Tell Us What You Think Comment: Name: Also Visit: iPad Info Center Billions of Bytes Mobile Device Now Apple Info Center TopTechWire.com Panasonic Toughbook® mobile computers are engineered to withstand drops, spills, dust and grime, and to perform in the harshest environments. Rugged reliability, low cost of ownership and accolades from reviewers are just a few of the reasons why Toughbook computers keep winning over the world's toughest users. Click here to learn more.  Apple/Mac 1.   What's in Store for Apple's iOS 7? 2.   Pentagon Gives iOS 6 Security OK 3.   IDC: Windows Phone Now in 3rd Place 4.   Bill Gates Discusses Steve Jobs 5.   U.S. Cellular Embraces the iPhone Pentagon Gives iOS 6 Security OK But only for devices issued by govt. Average Rating: IDC: Windows Phone Now in 3rd Place BlackBerry OS quarterly share declines. Average Rating: Bill Gates Discusses Steve Jobs The late Jobs is praised in interview. Average Rating:

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Network Security Spotlight

Syrian Electronic Army Hacks Financial Times The Financial Times is the latest victim of the Syrian Electronic Army, a group that supports Syrian President Bashar al-Assad. The U.K.-based newspaper said a blog and its Twitter accounts were hacked.   Patch Tuesday Hyper Focuses on IE 8 Microsoft on Tuesday issued 10 security bulletins that fix 33 vulnerabilities. These updates include MS13-038, which will address the Internet Explorer 8 issue described in Security Advisory 2847140.   Surge of Venture Capital Buoys Tech Security Sector With companies and governments spending billions to repel cyberthreats, a surge of venture capital is pouring into companies developing cybersecurity technologies, the front line of the conflict.

Enterprise Hardware Spotlight

U.S. Defense Department Gives iOS 6 Security OK In a vote of confidence for Apple's iOS devices, the Defense Department has given the all-clear for employees to use iPads and iPhones for work. But only those running iOS 6, and only if issued by the government.   Cisco Surges After Profit Exceeds Analysts' Estimates Networking equipment giant Cisco's net income jumped 14 percent in the latest quarter as revenue at all four of its divisions rose for the first time in a year and a half, as tech spending increases.   HP and SAP Team To Advance HANA Database Technology The two tech leaders are working on a system that SAP says could fundamentally change the database market. HANA is SAP's technology that keeps data in-memory, for super fast processing.

Mobile Enterprise Spotlight

What's in Store for Apple's iOS 7? There's been talk recently that Apple's products are beginning to coast on their glorious past. So, with Apple's big Worldwide Developers Conference opening next month, speculation about iOS 7 is heating up.   Google Glass Raises Congressional Privacy Concerns The buzz around Google Glass continues, but it's not all good. Some in Congress have questions. "We are curious whether this new technology could infringe on the privacy of average Americans," their letter to Google says.   Windows Phone Now No. 3 in Market, BlackBerry No. 4 Has Microsoft Phone moved into a coveted though distant third place for smartphone platforms behind Google's Android and Apple's iOS? A new report says yes, while BlackBerry has slipped to No. 4.

Enterprise Technology Spotlight

U.S. Could Use Cyberattack on Syrian Air Defenses The Pentagon has cyberattack capabilities that allow the U.S. military to help blind Syrian air defenses without firing a shot -- abilities central to a debate over whether to intervene in the 2-year-old civil war.   HP and SAP Team To Advance HANA Database Technology The two tech leaders are working on a system that SAP says could fundamentally change the database market. HANA is SAP's technology that keeps data in-memory, for super fast processing.   Cloud Computing Gains Another Competitor with Google Amazon Web Services and Microsoft Azure now have a full-on rival in Google, with its I/O announcement that it is opening its hosted Compute Engine environment for virtual machines to all comers.

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