Apple sells out of iPhone 5 in first weekend

The new Apple iPhone 5. (AP)

The new Apple iPhone 5. (AP)

That number blasted past sales of the iPhone 4, the company said on Monday. When Apple introduced it in October 2011, it sold more than four 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.

On Friday, Apple fans lined up around the world to get their hands on the new smartphone - which is thinner and lighter and has a bigger screen.

Shares of Apple were down 2.4% at $683.45 in premarket trading. – Reuters

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