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iPhone 5 supply might finally catch up to demand

Updated 4 years ago
Published Sep 28th, 2012 10:15AM EDT

When the iPhone 5’s opening-weekend sales only reached 5 million units instead of the sky-high estimates some Wall Street analysts’ offered ahead of launch, investors panicked and Apple’s (AAPL) stock took a hit. Some might say the record-setting sales figure is still “epic,” but Apple bulls whose projections overshot actual sales were quick to blame the disparity on supply shortages. Sharp’s display panel production in particular was said to be falling short, but an unnamed company executive on Friday confirmed that it is now producing “adequate volumes” of display panels Reuters says are destined for Apple’s new iPhone. The iPhone 5 launched on several regional U.S. carriers and in 22 new countries earlier on Friday.

Zach Epstein
Zach Epstein Executive Editor

Zach Epstein has been the Executive Editor at BGR for more than 10 years. He manages BGR’s editorial team and ensures that best practices are adhered to. He also oversees the Ecommerce team and directs the daily flow of all content.

Zach first joined BGR in 2007 as a Staff Writer covering business, technology, and entertainment. His work has been quoted by countless top news organizations, and he was recently named one of the world's top 10 “power mobile influencers” by Forbes. Prior to BGR, Zach worked as an executive in marketing and business development with two private telcos.