This is a very disappointing number.
It’s below top Apple analyst Gene Munster’s estimate of 6 million to 10 million. Worse, it indicates that growth may be slowing at Apple.
Take a look at this chart.
Opening weekend sales grew 70 per cent between the 3GS and the iPhone 4, and then an astounding 135 per cent between the 4 and the 4s. That’s acceleration. iPhone 5 sales, meanwhile, grew only 25 per cent. That’s massive deceleration.
Photo: Nicholas Carlson / Business Insider
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