Apple’s revenues from the iPhone 5 has amounted to roughly $3.75 billion in the first three days after the device hit the market on Friday, September 21.
This is how I arrived at the above sales figure of $3.75 billion.
First, I took into consideration Apple’s announcement today that it sold five million units of the iPhone 5 between launch day September 21 through September 23.
Second, I looked at the prices of the iPhone 5.
Apple sells three models of the iPhone 5 with different storage capacities – $649 (16GB), $749 (32GB) and $849 (64GB). (In the U.S., carriers like AT&T and Verizon Wireless sell the iPhone 5 for $199-$399 to consumers in exchange for pricey two-year contracts.)
In my opinion, the majority of consumers will be buying the 32GB or 64GB versions of the iPhone 5 given all that junk (music, videos, pictures, books etc) they store on their devices.
Since Apple must have also sold some units of the lower-priced 16GB model and to also account for slightly lower priced sales through partner sites like Best Buy, Target etc, I have taken $749 as the average selling price.
Voila, $3.75 billion in the first three days.
But not all iPhone 5 units have been shipped to customers.
Apple claims that while the majority of pre-orders have been shipped to customers, many are scheduled to be shipped in October.
iPhone 5 Complaints
Not a good omen since the anodized aluminum that Apple uses for building the iPhone 5 body/case is not as resilient as the stainless steel used in the iPhone 4 or iPhone 4S.
But a lot of Apple fan boys are masochists who deserve the whipping they get.
I have used the iPhone 4 for over two years and the outer body is still in darn good shape (I also use the Ballistic case for the iPhone 4).
Then there’s the crappy Apple Maps that’s getting withering scorn from users.
As usual, Apple is tooting its horn that demand for iPhone 5 exceeded the initial supply.
iPhone 5 is currently ‘available’ in the US, Australia, Canada, France, Germany, Hong Kong, Japan, Singapore and the UK, and will be available in 22 more countries on September 28.
Over 100 countries will be peddling the iPhone 5 by the end of the year.