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  • flipwilson728 flipwilson728 Nov 8, 2012 9:48 AM Flag

    Interesting Statistic on i Phone 5 sales on launch weekend

    Say what you like about market share, but it doesn’t appear there’s any dimming in demand for Apple's [AAPL] brand-new iPhone 5, with manufacturer Foxconn admitting it’s having a tough time meeting global demand for the world’s best Smartphone.

    Demand exceeds supply

    That demand exceeds supply is no great surprise. When the new iDevice hit the shops in September, Apple found itself selling 1,157 of the things every second across launch weekend for a cool 5 million sales in just three days.

    The iPhone is 123.8 mm at its longest point. Across its launch weekend, Apple sold iPhones which if laid end-to-end would stretch across a distance of 619 kilometres, or 384 miles. That’s one big production line.

    Although NTE supplies displays to JDC (Japan Display Components), overall demand for the iPhone 5 is exploding, some suppliers are having a hard time keeping up like Foxxcon.

    Sentiment: Strong Buy

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