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Apple: New iPhone selling at record pace

NEED TO KNOW
  • Apple says the iPhone 5 is the company's best-selling phone
  • Phone is sold out; Apple working to fulfill orders
Apple: New iPhone selling at record pace

If anyone doubted the public's appetite for another bite at the Apple, first-weekend sales figures for the iPhone 5 should put that to rest.

Apple says it has moved more than 5 million of the new phones since they went on sale Friday. That's 1 million more than the iPhone 4S sold in its opening weekend last year, although the iPhone 5 went on sale in more countries.

Demand for the iPhone 5 quickly outstripped Apple's supply, so some people who ordered the phone over the weekend will have to wait until next month to get it.

“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," Apple CEO Tim Cook said in a statement. "We appreciate everyone’s patience and are working hard to build enough iPhone 5s for everyone.”

Clark's take? The iPhone 4S, now available for $99, and the iPhone 4, which you can get for free with a two-year contract, are still great devices, especially with the upgrade of Apple's new operating system. So, unless you've got to have the latest, greatest phone, get a 4S or a 4 and save some dough!

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