Apple Sold Over 5 Million iPhone 5 in 3 Days

Apple Inc sold out of its latest smartphone, with more than 5 million iPhone 5 sales in the three days after it hit stores.

That number blasted past sales of the iPhone 4. When Apple introduced it in October 2011, it sold more than 4 million units in its first weekend.

With the iPhone 5, Apple said that while the majority of preorders have been shipped to customers, many are scheduled to go out in October.