Apple has reported that it has sold over 5 million units of the newly released iPhone 5 over just three days. The sales exceeded the 4 million units Apple sold of the iPhone 4s when it was released a year ago.

According to Apple CEO Tim Cook, “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.” Cook added that the initial supply of units have sold out but Apple is hard at work replenishing stocks in stores while also continuing to accept online orders. [Read more…]