IN just three days, tech giant Apple Inc (NASDAQ: AAPL) was able to sell more than five million iPhone 5 smart-phones since the brand new version hit stores. However, despite its huge success the company’s shares dipped as it struggled to cope with growing demand.
Apple Inc on Monday bared that its initial supply had seem to run out despite robust sales and majority of its pre-orders were set to roll out next month. Tim Cook, chief executive, said Apple is doing its best to create more iPhone 5 units for all consumers.
Anticipations for new products were growing and some experts predict the company being able to sell around ten million units in a span of one week. But, this did not impress Wall Street. Apple’s stock fell 1.6 percent at $688.65 during afternoon trade.
The most valuable firm in the globe is being tightly monitored for any problems, especially in supply that could slow down unit production.
According to Baird Equity Research analyst William Prower, “we are certain that sales may have been bigger if not for issues on supply.” Limitations in supply may weigh on the company as its new mobile product is unveiled in 22 other countries last Friday.
To make things worse, Foxconn Technology — the biggest contract maker of Apple – shut down a facility in the Chinese district of Taiyuan after 2 thousand of its workers figured in a riot. The Taiyuan manufacturing facility is one of China-based plants that assemble parts for the iPhone 5.
On the subject of parts, Sharp Corp., Apple Inc’s major screens supplier, has also been struggling with operational spending and scrambling to raise enough money to settle its debt.
IPHONE 5 HUMILIATES GALAXY SIII
Meanwhile, after putting to shame Samsung’s Galaxy SIII in a series of rigid tests, the iPhone 5 has again proven its mettle over its closest nemesis in yet another face off.
An online video created by Square Trade, an extended service warranty provider, shows the opposing new gadgets’ toughness in a convincingly treacherous landscape – your home.
First, is the so-called mandatory “drop test”. Here, the video shows how the iPhone 5 survives a nasty fall with just a very few minor scratches.
Samsung’s Galaxy SIII, on the other hand, was not so lucky. It’s screen was broken to pieces.
Second, the two smart-phones are thrown in a swimming pool. The iPhone 5’s touch-screen momentarily goes off as a result of the water disrupting its power (the global hit Gangnam Style of Psy is being played when the two phones were submerged) but it continues to function. The Galaxy SIII, again, was not so lucky. It completely “blacked out”.
Finally, the guys at Square Trade placed both smart-phones on a table and dropped different kinds of kitchen utensils and stuff like sardine cans and even a beer bottle on the two phones.
The beer bottle was too much for the Galaxy SIII to handle, while the iPhone 5 remained intact without any major cracks or scratches.